Preparing Budgets - Sales, Production, Direct Materials Purchases, Direct Labor Cost Budget (Points: 45) The financial director of Belleville Furniture Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: - Desired inventories at March 31: Direct Materials: FabricWoodFillerSprings9,000sq.yds.20,000linealft.5,000cu.ft.7,500units Finished Products: Grace 2,000 units Albert 875 units - Direct materials used in production: In manufacture of Grace: Fabric 4.o sq. yds. per unit of product Wood 16 lineal ft. per unit of product Filler 3.8cu. ft. per unit of product 14 units per unit of product 3. Prepare a direct materials purchases budget for March. 4. Prepare a direct labor cost budget for March