ACCT2121 Ch.7 Budgeting Additional Exercises Hala Company has budgeted production for next year as follows First Quarter Second Quarter Third Quarter Fourth Quarter Production in units 80,000 96,000 128,000 112,000 en pounds of raw materials are required for each unit produced. Raw materials are supplier at $3 per pound. Raw materials on hand at the beginning of the year total 20,000 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Prepare direct materials purchase budget (in pounds and in dollars) for the second quarter