Cleary Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each toy The company pays $3 for each computer chip. To help to guard against stockouts of the computer chip, Cleary Industries has a policy that states that the ending inventory of computer chips should be at least 25% 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.) 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. con Prepare the direct materiais budget by first calculating the total quantity needed, then complete the budget Cleary Industries Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced 5100 4700 4400 14200 2. 2 2 2 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 10200 9400 8800 28400 Plus: Desired ending inventory of direct materials Total quantity needed Help me solve this Video Get more help Clear all Final check Cleary Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each toy. The company pays $3 for each computer chip. To help to guard against stockouts of the computer chip, Cleary Industries has a policy that states that the ending inventory of computer chips should be at least 25% 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 Requirement Prepare a direct materials budget for the first Data table amount of the purchases in the budget. Prepare the direct materials budget by first ca January February ... March April Stuffed animals to be produced 5.100 4.700 4,400 4,800 For the Print Done Units to be produced Multiply by Cantity of direct materials neede Quantity needed for production Plus: Desired ending inventory of direct mate Total Quantity needed 3 HEIC Help me solve this Video Get more help Clear all Final check A 26 sty 12