E9-40B Production and direct materials budgets (Learning Objective 2) Hoffman Manufacturing producos selr- months lishments. Sales projections for the first five months mated unit sales of the planters each month to be as follows: uces self-watering planters for use in upscale retail estab- of the upcoming year show the Number of planters to be sold 3,000 3,200 3,100 4,200 4,000 January February March April Ma year was 750 planters. The desired inventory of planters at the upcoming year should be equal to 25% of the following Inventory at the start of the the end of each month in month's budg plastic). Th geted sales. Each planter requires two pounds of polypropylene (a type of e company wants to have 20% of the polypropylene required for next month's n on hand at the end of each month. The polypropylene costs $0.20 per pound Requirements 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 Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. 2