Snip and Chip Inc. sells silk upholstery curtains for $150 each. The project's budgeted unit sales for four months during the current year appear below:
Additional information:
• The project desires to have an inventory at the end of each month equal to 15 percent of the following month's budgeted unit sales.
• Each curtain requires 2.0 yards of fabric.
• At the end of each month, the project decides to have 20 percent of the production material required for the next month on hand.
• The fabric costs $25 per yard. Each curtain produced requires 1 hour of direct labor.
• The project pays $27 per hour to its employees.
Prepare the following budgets for the project:
• Production budget for the month of April
• Materials purchase budget for April
o Font: Arial, Size: 12 point
o Length: 2-3 pages