Austen Industries manufactures a popular interactive stuffed animal for children that requires two computer chips insic Industries has a policy that states that the ending inventory of computer chips should be at least 25% of the following Click the icon to view the production schedule.) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the de Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget. Austen 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 wo computer chips inside each toy. The company pays $1 for each computer chip. To help to guard against stockouts of the computer chip, Auster + 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: chips needed and the dollar amount of the purchases in the budget. the budget March Quarter Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget Data Table March Quarter Austen Industries Direct Materials Budget For the Months of January through March January February Units to be produced Multioly by: Quantity of direct materials needed per unit Quantity needed for production Plus Desired ending inventory of direct materials Total quantity needed January ... February.... March Stuffed animals to be produced 5,700 4.700 4,000 4.400 April ... -9-21A (similar to) usten Industries manufactures a popular interactive stuffed animal for children that requires to computer heath toy. The crys 11 for each components of ndustries has a policy that states that the ending inventory of computer this should be aut 20% of the following mos production needs. The production to the years 1. Click the icon to view the production schedule Requirement Prepare a direct materiale budget for the fire mature that shows both the number of computer chipa noaded and the dollar amount of Pe purchases in the budget