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Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Royal 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 February is summarized as follows: a. Estimated sales of King and Prince chairs for February by sales territory: Northem Demestic: Nong 610 untas at s7eb per unt Prince 750 units at 3550 per unit Souturem Demeve: ing 340 unies at \$70D per what mince 440 unea at $550 per unt Intersationa: Ning 360 unes at stso ser unt Frince 290 onts at 4600 per unt b. Estimated inventories at February 1: Direct materials: Finiehard mondurte: c. Desired inventories at February 28: Direct materials: Finished products: ning Arince islingt: d. Direct materials used in production: In manufacture of King: \begin{tabular}{|c|c|} \hline Fabre & 6.0 se ven. pert unit of product \\ \hline wood & Me inear th, per unit of probuct \\ \hline faner & 4.2 ai. h. per ine of product. \\ \hline Sorings & is unes ger une of product \\ \hline \end{tabular} In manufacture of Prince: \begin{tabular}{|c|c|} \hline Fabrik & 4.0kg. vel per unit of produd \\ \hline Wood & 26 lineer h, per whe of modved \\ \hline raker & 3.4cu it. per unit of product \\ \hline Springs & 12 unes per une of prodoct \\ \hline \end{tabular} e. Anticipated purchase price for direct materials: e. Anticipated purchase price for direct materials: f. Direct labor requirements: Required: 1. Prepare a sales budget for February. 2. Prepare a production budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Prepare a production budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 3. Prepare a direct materials purchases budget for February. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Prepare a direct labor cost budget for February

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