Question 'I 0M > -/3 E On January 1, 2023, the Pharoah Company budget committee reached agreement on the following data for the six months ending June 30,2023: 1. Sales units: First quarter 5,100; second quarter 6,100; third quarter 7,100 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending nished goods inventory: 25% of the next quarter's expected sales units 4. Thirdrquarter production: 7,400 units The ending raw materials and nished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of nished goods. Raw materials purchased are expected to cost $4 per kilogram. Prepare a production budget by quarters for the six-month period ended June 30, 2023. PHAROAH COMPANY Production Budget For the Six Months Ending June 30, 2023 Quarter 1 2 Total V v v v v v Question 1 of 4 - 13 5 Question Part Score --/1 Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023. PHAROAH COMPANY Direct Materials Budget For the Six Months Ending June 30, 2023 Quarter 1 2 Total v to to $ $ $Question 2 of 4 - / 1.5 View Policies Current Attempt in Progress Waterway Inc. is preparing its direct labour budget for 2022 from the following production budget for a full calendar year: Quarter Units Quarter Units 1 19,700 3 34,400 2 25,200 4 30,500 Each unit requires 1.2 hours of direct labour. Prepare a direct labour budget for 2022. Wage rates are expected to be $16 for the first two quarters and $18 for the remaining two quarters. WATERWAY INC. Direct Labour Budget For the Year Ending December 31, 2022 Quarter 1 2 3 4 For the year to $ $ $ $ Total by quarter