Production and Materials Purchases Budgets DeVaris Corporation’s budget calls for the follow-

Production and Materials Purchases Budgets DeVaris Corporation’s budget calls for the follow- ing sales for next year:

Quarter 1

45,000 units

Quarter 3

34,000 units

Quarter 2

38,000 units

Quarter 4

48,000 units

Each unit of the product requires 3 pounds of direct material. The company’s policy is to begin each quarter with an inventory of the product equal to 10 percent of that quarter’s sales requirements and an inventory of direct materials equal to 20 percent of that quarter’s direct materials require- ments for production.

Required Determine the production and materials purchases budgets for the second quarter.