Jones Corporation has the following budgeted sales for the selected four-month period: Month Unit Sales July 20,000 August 35,000 September 25,000 October 30,000 Sales price per unit is $180 Plans are to have an inventory of finished product equal to 20 percent of the unit sales for the next month. There were 4,000 units in beginning inventory on July 1. Three pounds of materials are required for each unit produced. Each pound of material costs $20. Inventory levels for materials equal 30 percent of the needs for the next month. Desired ending inventory for September is 25,200 pounds of material. Beginning inventory for July was 20,700 pounds of material. Each unit requires 0.6 hours of direct labor and the average wage rate is $16 per hour. Variable overhead rate is $3.50 per direct labor hour. There is also fixed overhead of $22,000 per month. The company pays a 3% commission on sales. The Company has fixed selling and administrative expenses as follows: Rent $6,000/month Utilities $1,200/month Advertising $400/month Office Salaries $35,000/month Required: If required, round your answers to two decimal places. A. Prepare a sales budget for July, August, and September and in total for the quarter. Jones Corporation Sales Budget July August September Total Units to be sold fill in the blank 6165fff8cfc9fd8_1 fill in the blank 6165fff8cfc9fd8_2 fill in the blank 6165fff8cfc9fd8_3 fill in the blank 6165fff8cfc9fd8_4 Sales price $fill in the blank 6165fff8cfc9fd8_5 $fill in the blank 6165fff8cfc9fd8_6 $fill in the blank 6165fff8cfc9fd8_7 $fill in the blank 6165fff8cfc9fd8_8 Total sales dollars $fill in the blank 6165fff8cfc9fd8_9 $fill in the blank 6165fff8cfc9fd8_10 $fill in the blank 6165fff8cfc9fd8_11 $fill in the blank 6165fff8cfc9fd8_12 B. Prepare a production budget for July, August, and September and in total for the quarter. Jones Corporation Production Budget July August September Total Sales fill in the blank e6b46cf35019f97_1 fill in the blank e6b46cf35019f97_2 fill in the blank e6b46cf35019f97