Young Products produces coat racks. The projected sales for the first quarter of the coming year and the beginning and ending inventory data are as follows:

Young Products wants to have 6,000 pounds of metal in inventory at the end of the quarter. Each rack produced requires 30 minutes of direct labor time, which is billed at $9 per hour.

Required:

1. Prepare a sales budget for the first quarter.

2. Prepare a production budget for the first quarter.

3. Prepare a direct materials purchases budget for the first quarter.

4. Prepare a direct labor budget for the first quarter.