2. the serial entrepreneur, is considering a business venture making monogrammed blankets. Each blanket requires two yards of fabric, and she expects that she will pay $8.75 per yard for fabric from her supplier. Her production budget for the first quarter of year indicates that she will produce 125 blankets in January, 150 blankets in February, 200 blankets in March, and 250 blankets in April. At the end of each month, she hopes to have 20% of the direct materials needed for the following month. (10 points) Direct Materials Budget January February March Blankets to be produced Times: yards of fabric per blanket Quantity needed for production Plus: desired ending inventory Total quantity (yards) needed Less: Beginning inventory Quantity to purchase Times: Cost per yard Total cost of DM purchases