Dazzling Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 18,000 Knox lamps and 12,000 Ayer lamps in 2017. The following data are available for the year 2017 (Click the icon to view the information.) B Click the icon to view the December 31, 2017 production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 (a). Begin by calculating the direct materials usage budget in quantity and then in dollars (label it Schedule 3A) for the year ending December 31, 2017. Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Material Metal Fabric Total Physical Units Budget Direct materials required for Knox lamps 18,000 lbs 18,000 yards Direct materials required for Ayer lamps 24,000 lbs. 24,000 yards 42.000 42,000 Ibs yards Total quantity of direct materials to be used Cost Budget - Data table Direct materials Metal $ Fabric $ 4 per pound (same as in 2016) 5 per yard (same as in 2016) 13 per hour Direct manufacturing labor Content of Each Product Unit Product Knox Ayer Metal 1 pounds 1 yard 2 pounds 2 yards Fabric Direct manufacturing labor 0.2 hours 0.25 hours Direct Materials Metal Fabric Beginning inventory Target ending inventory 18,000 pounds 16,000 pounds 10,000 yards 8,000 yards Data table Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Ayer Budgeted units sales 19,000 2,100 12,000 1,100 Add target ending finished goods inventory Total required units 21,100 3,100 13,100 1,100 luct beginning finished goods inventory 18,000 12,000 Units of finished goods to be produced Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Metal Fabric To be purchased and used this period III Metal Fabric Direct materials to be used this period