1. Fill in the missing information from the following schedules:

Solution

Sales Budget
For the Year Ended Dec. 31, 2018
	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Total
Expected Sales (units)	7,500	8,250	8,750	9,000	?????
Sales Price per Unit	$45	$50	$50	$55
Total Sales Revenue	$337,500	$412,500	$437,500	?????	$???????

Production Budget
For the Year Ended Dec. 31, 2018
	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Q1, Year 2
Expected Sales	7,500	8,250	8,750	9,000	8,000
Desired Ending Inventory	1,650	1,750	1,800	?????	900
Total Required Units	9,150	10,000	10,550	10,600	8,900
Beginning Inventory	(1,500)	(1,650)	(1,750)	(1,800)	(1,600)
Required Production	7,650	8,350	8,800	?????	7,300
Total				?????

Direct Materials Budget For the Year Ended Dec. 31, 2018
	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Total
Units to Be Produced	?????	?????	????	????	????
Direct Material per Unit	2	2	2	2	2
Total Pounds Needed for Production	15,300	16,700	17,600	17,600	67,200
Desired Ending Inventory	4,175	4,400	4,400	3,650	3,650
Total Material Required	19,475	21,100	22,000	21,250	70,850
Beginning Inventory	0	(?????)	(?????)	(?????)
Pounds of Direct Material Purchase Requirements	19,475	16,925	17,600	16,850	70,850
Cost per Pound	$1.5	$1.5	$1.5	$1.5	$1.5
Total Cost of Direct Material Purchase	?????	?????	?????	?????	$106,275

Direct Labor Budget
For the Year Ended Dec. 31, 2018
	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Total
Units to Be Produced	?????	?????	?????	?????	?????
Direct Labor Hours per Unit	0.75	0.75	0.75	0.75	0.75
Total Required Direct Labor Hours	?????	?????	?????	?????	?????
Labor Cost per Hour	$25	$25	$25	$25	$25
Total Direct Labor Cost	?????	?????	?????	?????	?????