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

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