Assignment $2$: Based on the following data, prepare a Production Budget and a Direct Materials Budget. You produce two products $-$ Product X and Product Y$.$ Forecasted sales are $40,000$ units. Materials needed for production are $20,000$ gallons for Product X and $20,000$ gallons for Product Y$.$ The beginning finished goods inventory is $6000$ units. The ending finished goods inventory is $2000$ units. Relevant data for Product X: Beginning Inventory, $1000$ gallons; Ending Inventory, $2000$ gallons; Standard Cost: $$2$ per gallon. Relevant data for Product Y; Beginning Inventory, $2000$ gallons; Ending Inventory, $2000$ gallons; Standard Cost: $$1$ per gallon.