Question: DEF Retail Ltd is preparing its master budget for the quarter ending 31 March 2025. The following information is provided: Expected sales: January: 10,000 units,

DEF Retail Ltd is preparing its master budget for the quarter ending 31 March 2025. The following information is provided:

Expected sales: January: 10,000 units, February: 12,000 units, March: 15,000 units

Selling price per unit: $20

Desired ending inventory: 10% of next month's sales

Beginning inventory: 1,200 units

Direct materials: 2 kg per unit at $5 per kg

Direct labor: 0.5 hours per unit at $15 per hour

Variable manufacturing overhead: $2 per unit

Fixed manufacturing overhead: $30,000 per month

Required: a. Prepare a sales budget for the quarter. b. Prepare a production budget for the quarter. c. Prepare a direct materials budget for the quarter. d. Prepare a direct labor budget for the quarter. e. Prepare a manufacturing overhead budget for the quarter.

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