E9-21A (similar to) Question Help Johnson Industries manufactures a popular interactive studied animal for children that requires three computer chips inside each toy. The company pays $4 for each computer chip. To help to guard against stockouts of the computer chip, Johnson Industries made here will has a policy that states that the ending inventory of computer chip 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 view the production schedule.) Requirement Prepare a orect materials budget for the first quartor that shows both the number of computer chips needed and the dollar amount of the purchases in the budget -) Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget Johnson Industries Direct Materials Budget For the Months of January through March January February March Scored 1 Quarter Unes to be produced ES 21 Asimilacta Multiply by Quantity of droct manooded perunt E9-22A similar to til for production Pun Descanding inventory of direct materials Total quality nooded 2000 30 Peanut En ny the file and the Chack An 1 OM TI P H K K M ny pays $4 for each computer chip. To help to guard against stockouts of the computer chip, t states that the ending inventory of computer chips should be at least 20% of the following mo duction schedule for the first four months of the year is as follows: con to view the production schedule.) ct materials budget for the first quarter that shows both the number of computer chips needed an es in the budget irect materials budget by first calculating the total quantity needed, then complete the budget. Johnson Industries Direct Materials Budget ws - X * Data Table Quarte produced Quantity of direct me Stuffed animals to be produced eeded for production January 5,400 red ending inventory February 4,500 tity needed March 4,800 April 4,100 Print Done ny number in the edit fields and then click Check Answer t Clear All Check Answer aining 1036 11/1/2