4 XC A Remaining Time: 1 hour, 49 minutes, 00 seconds. Question Completion Status: 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Furniture, Inc. makes and sells a single product called a Bik. The company wants to prepare the direct material budget for the quarter ending June 30. Budgeted production of Biks for the next six months is as follows: February 7,000 Units March 7, 750 Units April 5,950 Units May 6,300 Units June 7,250 Units July 8,000 Units It takes four yards of Material A to make one Bik. The company wants to maintain monthly ending inventory of Material A equal to 20% of the following month's production needs. On March 31, 1.840 yards of Material A were on hand. The cost of Material A is $6 per yard. Required: 1. Prepare the Direct Materials Budget for April, May, June, and quarter 2. Based on the direct material budget that you prepared in requirement 1 above and assume that the direct materials purchase in February was $75,000 and in March was $80,000. Prepare the cash disbursements budget for April if the company policy for paying purchases is as follows: - 15% in the month of purchase. -- 65% one month after purchase. 20% two months after purchaser For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B. I VS Paragraph Arial 14px 460