Question: solve it in a table form PROBLEM 9-18 Direct Materials and Direct Labor Budgets [L.04, LO5] The production department of Zan Corporation has submitied the
PROBLEM 9-18 Direct Materials and Direct Labor Budgets [L.04, LO5] The production department of Zan Corporation has submitied the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition, the beginning raw materials inventory for the Ist Quarter is budgeted to be 6,000 grams and the beginning accounts payable for the Ist Quarter is budgeted to be $2,880. Each unit requires 8 grams of raw material that costs $1.20 per gram. Management desires to end each quarter with an inventory of raw materials cqual to 25% of the following quarter's production needs. The desired ending inventory for the 4 th Quarter is 8,000 grams. Management plans to pay for 60 of raw material purchases in the quatter acquired and 40% in the following quarter. Each unit requires 0.20 direct labor-hours and direct laborers are paid $11.50 per hour. Required: 1. Prepare the company's direct materials budget and schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year. 2. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforee is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced
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