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upcoming fiscal year accounting 414552

The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit salesAc€¦Ac€¦Ac€¦Ac€¦Ac€¦.. 11,000 12,000 13,000 10,000 In addition, the beginning raw materials inventory for the 1st Quarter is budgeted to be 8,800 pounds and the beginning accounts payable for the 1st Quarter is budgeted to be $20,900. Required: 1a. Prepare the company’s direct materials budget for the upcoming fiscal year. 1b. Prepare a schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year. 2. Complete the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

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