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Voting will be based on clarity of handwriting FAST ANSWER PLEASE 5. On January 1, 2021 the Tata Steel Company budget committee has reached agreement

Voting will be based on clarity of handwriting

FAST ANSWER PLEASE

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5. On January 1, 2021 the Tata Steel Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022 Sales units: First quarter 25,000; second quarter 35,000; third quarter 30,000 Ending raw materials inventory 50% of the next quarter's production requirements Ending finished goods inventory 20% of the next quarter's expected sales units Direct Labor time per unit 1.6 hours per unit Direct labor rate per hour $12 per unit Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Instructions: a) Prepare a production budget by quarters for the 6-month period ended June 30, 2022. b) Prepare a direct materials budget quarter 1 ended March 30, 2022. c) Prepare a Direct Labor budget for the 6-month period ended June 30, 2022

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