Twenty-five percent of the customers are expected to pay in the month of sale and take a 3 percent discount: 70 pe it takes two pounds of raw material (costing $0.75 per pound) to produce a unit of product. Injanuary, no raw mate is assumed to be 34,000 units.) Shredder Manufacturing pays for 60 percent of its material purchases in the month of Each unit of product requires 0.5 hours of labor time. Labor is paid $15 per hour and is paid in the same month as Shredder will begin January with no Work in Process or Finished Goods inventory. Inventory policy for these two ace Note: Do not use negatives signs in any of the schedules below. a. Prepare a sales budget for January. February, and March. b. Prepare a production budget for January, February, and March. Note: Do not use a negative sign with your answers. per unit) for four moneths of operation: honth of sale and take a a percent discount, 70 pecent of the customers see expected to pay ha the month following sale. the remibing 5 percent will never pay. percent of it materiai purchases in the month of purchaye and 40 perceot in the toliowine menth. foods inventory, inventory palicy for these two accounts is set at aed ending wir and 25 percent of the following montha saies for FG a. Prepare a sales budget for january, February, and March. b. Prepare a production budget for January, February, and March. Note: Do not use a negative sign with your answers. c. Prepare a purchases budget for January, February, and March. Note: Do not use negative signs with your answers. d. Prepare a direct labor budget for january, February, and March. e. Prepare an overhead budget for January, February, and March. Twenty-five percent of the customers are expected to pay in the month of sale and take a 3 percent discount: 70 pe it takes two pounds of raw material (costing $0.75 per pound) to produce a unit of product. Injanuary, no raw mate is assumed to be 34,000 units.) Shredder Manufacturing pays for 60 percent of its material purchases in the month of Each unit of product requires 0.5 hours of labor time. Labor is paid $15 per hour and is paid in the same month as Shredder will begin January with no Work in Process or Finished Goods inventory. Inventory policy for these two ace Note: Do not use negatives signs in any of the schedules below. a. Prepare a sales budget for January. February, and March. b. Prepare a production budget for January, February, and March. Note: Do not use a negative sign with your answers. per unit) for four moneths of operation: honth of sale and take a a percent discount, 70 pecent of the customers see expected to pay ha the month following sale. the remibing 5 percent will never pay. percent of it materiai purchases in the month of purchaye and 40 perceot in the toliowine menth. foods inventory, inventory palicy for these two accounts is set at aed ending wir and 25 percent of the following montha saies for FG a. Prepare a sales budget for january, February, and March. b. Prepare a production budget for January, February, and March. Note: Do not use a negative sign with your answers. c. Prepare a purchases budget for January, February, and March. Note: Do not use negative signs with your answers. d. Prepare a direct labor budget for january, February, and March. e. Prepare an overhead budget for January, February, and March