Total Pop's data show the following information: Jan. Feb. Mar. Apr. May Estimated sales in units 15,000 14,500 15,500 15,000 16,300 Sales price per unit $44 $44 $44 $44 $44 Direct labor per unit $3 $3 $2.25 $2 $2 Labor rate per hour $18 $18 $21 $21 $21 New machinery will be added in April. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2 pounds per unit at a cost of $3 per pound. The ending inventory required for direct materials is 15% of the next month's needs. In January, the beginning inventory is 3,000 units of finished goods and 4,470 pounds of material. Prepare a production budget for the first quarter of the year. Total Pop Production Budget Quarter Ending March 31, 20xx Expected Sales Total Required Units Required Production January February March