Wesley power tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw for $60. Wesley expects the following unit sales:

January: 5200

February: 5400

March: 5900

April: 5700

May: 5100

Wesley's ending finished goods inventory policy is 20% over the next month sales. Suppose each handsaw takes approximately .75 hours to manufacture, and Wesley pays an average labor wage of $22 per hour.

Each handsaw requires a plastic housing that Wesley purchases from my supplier at a cost of $7 each. The company has an ending raw materials inventory policy of 20% of the following months production requirements. Materials other than the housing unit total of $4.50 per handisaw.

manufacturing overhead for this product includes $72,000 annual fixed overhead (based on production of 27,000 units). and $1.20 per unit variable manufacturing overhead. Wesley selling expenses are 7% of sales dollars, and administrative expenses are fixed at $18,000 per month.

required:

1. Compute the following for the first quarter:

-budgeted sales revenue for January, February, March and first quarter total

-budgeted production in units for January, February, March, and first quarter total

-budgeted cost of raw material purchases for the plastic housings for January, February, March, and first quarter total

-budgeted direct labor cost for January, February, March, and first quarter total