9 Homework K Question 2, E9-21A (similar to) Part 1 of 2 Osborne Industries Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget. Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget. Direct Materials Budget For the Months of January through March January Osborne Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy. The company pays $1 for each computer chip. To help to guard against stockouts of the computer chip, Osborne Industries has a policy that states that the ending inventory of computer chips should be at least 20% of the following month's production needs. The production schedule for the first four months of the year is as follows: (Click the icon to view the production schedule) Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production PCCC Plus Desired ending inventory of direct materials Total quantity needed February March Healu HW Score: 31.11%, 31.11 of 100 points Points: 11.11 of 20 55 W Quarter Inbox Save mo...

Osborne industries manufsetures a popuiar interactive stuted animal for chadren that reques ifour computer chips insige each toy. The cort pany pays $1 for each computer chip. To nelp to guard against stockouts of the computer chip. Osborne industres has a policy that states that the endng inventary of cocrputer chips shouid be at least 20% of the toliowing monith's producton needs. The prodaction schedule for the first four monshs of the year is as follows Click the icon to view the production schedule) Requirement Prepare a deect materiss bugjet for the trist quarter that shows both the number of compuler chips needed and the dodar amount of the purchases in the budget Prepare the direct materials budjet by first calculating the fotal cuanboy needed, then complete the budget Data table Prepare the direct mater Units to be produced Munply by: Quaintaly of 9 Quantity needed for prof Plus Desired ending inv Total quantify needed