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Help with questions and show calculations please! The production department of Zan Corporation...

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Accounting

Help with questions and show calculations please!

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The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition, 7,000 grams of raw materials inventory is on hand at the start of the 1st quarter and the beginning accounts payable for th 1st quarter is $3,880. Each unit requires 9.00 grams of raw material that costs $1.40 per gram. Management desires to end each quarter with an inventory c raw materials equal to 30% of the following quarter's production needs. The desired ending inventory for the 4 th quarter is 9,000 grams. Management plans to pay for 50% of raw material purchases in the quarter acquired and 50% in the following quarter. Each un requires 0.30 direct labour-hours and direct labourers are paid $9.50 per hour. Required: 1. Prepare the company's direct materials purchases budget and schedule of expected cash disbursements for materials for the upcoming fiscal year. 2. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecast number of units produced

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