Willison Company produces stuffed toy animals; one of these is Betty Rabbit. Each rabbit takes 0.2 yard of fabric and six ounces of polyfiberfill. Fabric costs $3.50 per yard, and polyfiberfill is $0.05 per ounce. Willison has budgeted production of stuffed rabbits for the next 4 months as follows: Units October 20,000 November 40,000 December 25,000 January 30,000 Inventory policy requires that sufficient fabric be in ending monthly inventory to satisfy 15% of the following month's production needs and sufficient polyfiberfill be in inventory to satisfy 30% the following month's production needs. Inventory of fabric and polyfiberfill at the beginning of October equals exactly the amount needed to satisfy the inventory policy Each rabbit produced requires (on average) 0.10 direct labor per hour. The average cost of direct laboris $15.50 per hour Required: 1. Prepare a direct materials purchases budget of fabric for the last quarter of the year showing purchases in units and in dollars for each month and for the quarter in total. Do not include a multiplication symbol as part of your answer Willison Company Direct Materials Purchases Budget for Fabric For the Fourth Quarter October November December Total 1. Prepare a direct materials purchases budget of fabric for the last quarter of the year, showing purchases in units and in dollars for each month and for the quarter in total. Do not include a multiplication symbol as part of your answer. Willison Company Direct Materials Purchases Budget for Fabric For the Fourth Quarter October November December Total Units to be produced Direct materials per unit Production needs Desired ending Inventory Total needs Less: Beg. inventory Direct materials to be purchased Cost per Yard $ Total purchase cost 2. Prepare a direct materials ourchases budget of polyfiberfill for the last quarter of the year showing purchases in units and in collars for the and for the quarter in total. Do not include a multiplication symbol as part of your answer Willison Company 2. Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year, showing purchases in units and in dollars for each month and for the quarter in total. Do not include a multiplication symbol as part of your answer. Willison Company Direct Materials Purchases Budget for Polyfiberfill For the Fourth Quarter October November December Total Units to be produced Direct materials per unit Production needs Desired ending inventory Total needs Less: Beg. inventory Direct materials to be purchased Cost per ounce S 5 S Total purchase cost 3. Prepare a direct labor budget for the last quarter of the vear showing the hours needed and the direct labor cost for each month and for the quarter Total Dorot include a multiplication symbol as part of your answer willison Company 3. Prepare a direct labor budget for the last quarter of the year, showing the hours needed and the direct labor cost for each month and for the quarter in total. Do not include a multiplication symbol as part of your answer. Willison Company Direct Labor Budget For the Fourth Quarter October November December Total Units to be produced Direct labor time per unit Total hours needed Wages per hour S Total direct labor cost