David, Inc. is preparing its master budget for the second quarter. The following sales and production data have been forecasted:

	April	May	June	July	Aug
Unit sales	400	500	520	480	550

Unit Selling Price: $50

Desired ending inventory each month:

Finished goods:25% of next month's sales Raw materials:15% of next month's production needs Raw Material Cost: $1.50 per pound

Number of pounds of raw material required per finished unit: 3 lb.

Number of direct labor hours to produce each unit: 3 hours

Labor rate per hour: $10

Variable Overhead Rate: $2.75 per direct labor hour

Fixed Overhead: $800 per month

Variable Selling Expense: $1.90 per unit sold

(a) Prepare a Sales Budget for the 2^nd quarter (April, May, & June).

(b) Prepare a Production Budget for 2^nd quarter.

(c) Prepare a Materials Purchases budget for 2^nd quarter.

(d) Prepare a Direct Labor Budget for 2^nd quarter

(e) Prepare an Overhead Budget for 2^nd quarter