Anderson 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, Anderson 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 wow the production schedule.) Requirement Prepare a direct materiale budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget cor Prepare the direct materials budget by first calculating the total qunntily needed, then complete the budget Anderson Industries Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total Quantity needed op Anderson 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, Anderson 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 loon to view the production schedule.) Requirement Prepare a direct materials budget for the first amount of the purchases in the budget Data Table Prepare the direct materials budget by first.com Stuffed animals to be produced January For the February 4.900 ico 5.200 4,000 March April 4,800 Units to be produced Multiply by: Quantity of direct materials neede Quantity needed for production Plus Desired ending inventory of direct mated Total quantity needed Print Done na Cop