Prepare the Sales budget for $\backslash (20\backslash$times $1\backslash ).$

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$SPRING MANUFACTURING COMPANY$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$Sales Budget$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$For the Year $20$X$1\}\backslash \backslash$

$\backslash$hline & C$12$ & D$57$ & Total $\backslash \backslash$

$\backslash$hline Sales $($in units$)$ & & & $\backslash \backslash$

$\backslash$hline Selling price per unit & & & $\backslash \backslash$

$\backslash$hline Total sales revenue & $\backslash$$ $0$ & $\backslash$$ $0$ & $\backslash$$ $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Prepare the Production budget for $\backslash (20\backslash$times $1\backslash ).$

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$SPRING MANUFACTURING COMPANY$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$Production Budget$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$c$|\}\{$For the Year $20$X$1\}\backslash \backslash$

$\backslash$hline & C$12$ & D$57\backslash \backslash$

$\backslash$hline Budgeted sales $($in units$)$ & & $\backslash \backslash$

$\backslash$hline Add: Desired finished goods ending inventory & & $\backslash \backslash$

$\backslash$hline Total units needed & $0$ & $0\backslash \backslash$

$\backslash$hline Less: Beginning finished goods inventory & & $\backslash \backslash$

$\backslash$hline Budgeted production $($in units$)$ & $0$ & $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Prepare the Direct materials purchases budget $($units and dollars$)$ for $20$X$1.$

Note: Round "Cost per pound" to $2$ decimal places.

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$SPRING MANUFACTURING COMPANY$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$Direct Materials Purchases Budget $($units and dollars$)\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$For the Year $20$X$1\}\backslash \backslash$

$\backslash$hline & C$12$ & & D$57$ & Total $\backslash \backslash$

$\backslash$hline Raw material $($RM$)1$: & & & & $\backslash \backslash$

$\backslash$hline Budgeted production & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline RM $1$ needed for production & & $0$ & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Total RM $1$ needed $($pounds$)$ & & & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Required purchases of RM $1($pounds$)$ & & & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Budgeted purchases, RM $1$ & & & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline Raw material $($RM$)2$: & & & & $\backslash \backslash$

$\backslash$hline Budgeted production & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline RM $2$ needed for production & & $0$ & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Total RM $2$ needed $($pounds$)$ & & & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Required purchases of RM $2($pounds$)$ & & & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Budgeted purchases, RM $2$ & & & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline Raw material $($RM$)3$: & & & & $\backslash \backslash$

$\backslash$hline Budgeted production & & & & $\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline RM $3$ needed for production & & $0$ & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Total RM $3$ needed $($pounds$)$ & & & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Required purchases of RM $3($pounds$)$ & & & & $0\backslash \backslash$

$\backslash$hline & & & & $\backslash \backslash$

$\backslash$hline Budgeted purchases, RM $3$ & & & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Prepare the Direct labor budget for $\backslash (20\backslash$times $1\backslash ).$

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$SPRING MANUFACTURING COMPANY$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$Direct Labor Budget$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$For the Year $20$X$1\}\backslash \backslash$

$\backslash$hline & C$12$ & D$57$ & Total $\backslash \backslash$

$\backslash$hline Budgeted production & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline Total direct labor hours needed & $0$ & $0$ & $0\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline Budgeted direct labor costs & & & $\backslash$$ $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$