Total Pop's data show the following information: Jan. Feb. Mar. Apr. May Estimated sales in units 15,000 15,000 15,500 15,500 16,300 Sales price per unit $46 $46 $46 $46 $46 Direct labor per unit $3 $3 $2.25 $2 $2 Labor rate per hour $18 $18 $22 $22 $22 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 4,500 pounds of material. Prepare a production budget for the first quarter of the year. Total Pop Production Budget Quarter Ending March 31, 20xx January February March Expected Sales Add: Desired Ending Inventory Total Required Units Less: Beginning Inventory Required Production Prepare a direct materials budget for the first quarter of the year. Total Pop Direct Materials Budget Quarter Ending March 31, 20xx January February Units to be produced Direct Material per Unit Total Pounds needed for Production March Total Material Required Pounds of Direct Material Purchase Requirements Cost per Pound Total Cost of Direct Material Purchase Prepare a direct labor budget for the first quarter of the year. Round your per unit answers to 2 decimal places. Total Pop Direct Labor Budget Quarter Ending March 31, 20XX January February March Units to be produced Direct Labor Hours per Unit Total Required Direct Labor Hours Labor Cost per Hour Total Direct Labor Cost