With the following information, complete steps A through D.

E7 Henderson Company has developed the following standards for the production of one finished unit: Direct Materials, 4 pounds per unit $5 per pound Direct Labor, 3 hours per unit a S9 per labor hour Variable Overhead, 5 machine hours per unit $8 per machine hour Fised Overhead costs are expected to be $174,750 per quarter, The espected selling price per unit is S160 Quarterly sales for 2018 are expected to be as follows:Quarter 1 5,000 units; Quarter 2 8,000 units;Quarter 3-6,000 units, and Quarter 4-4,000 units The sales in the first quarter of tlhe year 2019 are expected to be 6,000 units. Management would like to maintain a finished goods inventory equal to 30% of the next quarter's sales. The beginning finished goods inventory on January 1, 2018 is expected to follow this same pattern. Management would like to maintain a raw materials anventory equal to 40% of the next quarter's material requirements. The beginning raw materials inventory on January 1, 2018 is expected to follow the same pattern. REQUIRED A. Prepare a production budget by quarters for the year 2018. B. Prepare a direct materials purchase budget by quarters for the year 2018. Expected production the first quarter of 2019 6,000 units. C. Answer the following questions: I. What is the total budgeted production for the YEAR 2018 2. How many machine hours are expected to be used in producing those units? 3. What is the total budgeted Fixed Overhead Cost for the YEAR 2018 4. Using machine hours as the activity basis, what is the 2018 pre-determined fixed overhead rate? 5. What is the total budgeted cost of producing one finished unit? D. For the FIRST QUARTER of 2018 I. What is the budgeted direct labor cost? 2. What is the budgeted variable overhead cost . What is the budgeted fixed overhead cost? What are the budgeted sales (in dollars? 5. What is the budgeted cost of goods sold? 6. What is the budgeted cost of the ending raw materials inventory? 7. What is the budgeted cost of the ending finished goods inventory