9. Hula Company is planning to produce 10,000 units this month, and then increase production by 10% the following month. Hula uses 14 yards of canvas costing $4.80 per yard and 30 embellishments costing $2.50 when producing a unit. Hula’s ending raw materials inventory policy is 15% of the following month’s production needs.

Prepare a direct materials budget for this month.