Check my work Exercise 7-7 (Algo) Manufacturing: Direct materials budget LO P1 Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of 275,000 units in the second quarter and 61,500 units in the third quarter. Each unit requires 0.40 pound of direct material, priced at $184 per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equa to 50% of next quarter's budgeted direct materials required. Raw material inventory is 55,000 pounds at the beginning of the second quarter. Prepare a direct materials budget for the second quarter. (Enter "per unit" answers in two decimal places.) RIDA INCORPORATED Direct Materials Budget Second Quarter Units to produce 275,000 units Materials needed for production (pounds) BBB Prev 1 of 1 Next 07 Ex 7-7 0 1 Prepare a direct materials budget for the second quarter. (Enter "per unit" answers in two decimal places RIDA INCORPORATED Direct Materials Budget Second Quarter us 275,000 units Units to produce eBook Materials needed for production (pounds) Hint Ask Total materials required Print erences Materials to purchase (pounds) Cost of direct materials purchases