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Waterways Corporation is preparing its budget for the coming year, $2022.$ The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process.

$\backslash$table$[[$Sales$],[$Unit sales for November $2021,112,000],[$Unit sales for December $2021,102,000],[$Expected unit sales for January $2022,113,000],[$Expected unit sales for February $2022,112,000],[$Expected unit sales for March $2022,115,000],[$Expected unit sales for April $2022,125,000],[$Expected unit sales for May $2022,136,000],[$Unit selling price,$$12$

$$

Waterways likes to keep $5\%$ of the materials needed for the next month in its ending inventory. Raw Materials on December $31,2021$ totaled $11,290$ pounds. Payment for materials is made within $15$ days. $50\%$ is paid in the month of pyrchase, and $50\%$ is paid in the month after purchase. Accounts Payable on December $31,2021,$ totaled $$120,595.$

Direct Labor

Labor requires $12$ minutes per unit for completion and is paid at a rate of $$9$ per hour.

$\backslash$table$[[$Manufacturing Overhead$],[$Indirect materials,$304,$per labor hour$],[$Indirect labor,$50,$per labor hour$],[$Utilities$,40,$per labor hour$],[$Maintenance$,30!in,$per labor hour$],[$Salaries$,$$$42,000,$per month$],[$Depreciation$,$$$16,200,$per month$],[$Property taxes,$$2,400,$per month$],[$Insurance$,$$$1,300,$per month$],[$Maintenance$,$$$1,400,$permonth$]]$

$$

Selling and Administrative

Variable selling and administrative cost per unit is $$1\mathrm{.}50.$

$\backslash$table$[[$Advertising$,$$$17,000$ a month$],[$Insurance$,$$$1,600$ a month$],[$Salaries$,$$$71,000$ a month$],[$Depreciation$,$$$2,700$ a month$],[$Other fixed costs,$$2,900$ a month$]]$

Other Information

The Cash balance on December $31,2021,$ totaled $$101,000,$ but management has decided it would like to maintain a cash balance o at least $$700,000$ beginning on January $31,2022.$ Dividends are paid each month at the rate of $$2\mathrm{.}30$ per share for $5,080$ shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement requires borrowing to be in $$1,000$ increments at $9\%$ interest. Waterways borrows on the first day of the month and repays on the. last day of the month. $A$ $$530,000$ equipment purchase is planned for February.

$$

For the first quarter of $2022,$ prepare a direct materials budget. $($Round cost per pound to $2$ decimal places, e$.$g$.0\mathrm{.}25$ and all other answers to $0$ decimal places, e$.$g$.2,520.)$

WATERWAYS CORPORATION Direct Materials Budget

For the First Quarter of $2022$

First Quarter

January

February

Units to be Produced

Total Pounds Required for Production

Add $vv$ :

Total Materials Required

Less $vv$ :

Beginning Materials Inventory

Direct Materials Purchases

$$

Direct Materials Budget

For the First Quarter of $2022$

First Quarter

January

please someome help me figure the march and quarter part

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