Austen Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 350 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Austen Manufacturing Production Budget For the Months of January through March Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce C January February March Quarter Data table January February March April .... .... .... May.. Number of planters to be sold 3,500 3,400 3,600 4,000 - 4,200 - X ten Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upc ters each month to be as follows: (Click the icon to view additional information.) entory at the start of the year was 350 planters. The desired inventory of planters at the end of each month should be equal to 10% of the followin uires two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production ypropylene costs $0.25 per pound. ead the requirements. lus: Desired ending inventory otal needed Less: Beginning inventory Units to produce 3,500 Plus: Total quantity needed 340 3,840 Get more help 350 3,490 Jan Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production 3,400 Desired ending inventory of direct materials 360 3,760 340 3,420 Feb 3,600 400 4,000 360 3,640 Austen Manufacturing Direct Materials Budget For the Months of January through March Mar 10,500 400 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polyprop polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. 10,900 350 10,550 Quar January February March Quarter