Electro Company budgets production of $460,000$ electric panels in the second quarter and $530,000$ electric panels in the third quarter.

Each panel requires $0\mathrm{.}80$ pound of direct material at a cost of $$1\mathrm{.}80$ per pound. The company desires to end each quarter with an

ending inventory of this material equal to $20\%$ of next quarter's budgeted materials requirements. Beginning inventory of this material

is $73,600$ pounds.

Prepare a direct materials budget for the second quarter.