3. Prepare a direct materials purchases budgt 4. Prepare a direct labor cost budget for March. production manager, and sales manager, has gathered the following data for use in durer oping the budgeted income statement for May: 13-2 Budgeted income statement and supporting budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasu a. Estimated sales for May: ect Bicycle helmet Motorcycle helmet 7,500 units at $24 per unit 5,000 units at $175 per unit t, b. Estimated inventories at May 1 Finished products Direct materials: 200 units at $15 per unit Bicycle helmet Motorcycle helmet100 units at $90 per unit Plastic 1,480 lbs. Foam lining 520lbs c. Desired inventories at May 31: Direct materials: 400 units at $15 per unit Bicycle helmet Motorcycle helmet Plastic 300 units at $100 per unit Foam linin2000 lbsFinshed products d. Direct materials used in production: In manufacture of bicycle helmet: Plastic 0.90 lb. per unit of product Foam lining 0.20 lb. per unit of product In manufacture of motorcycle helmet: Plastic Foam lining 1.40 lbs. per unit of product 3.50 lbs. per unit of product e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic Foam lining $4.40 per lb. 50.90 per lb. f Direct labor requirements: Bicycle helmet Molding Department Assembly Department 0.30 hr. at $15 per hr. 0.10 hr.at $14 per hr. Motorcycle helmet Molding Department Assembly Department 0.50 hr. at $15 per hr. 040 hr, at $14 per hr