\fThe Bakery on the Riverbank produces organic bread that is sold by the loaf. Each loaf requires HZ ofa pound of flour. The bakery pays $2.50 per pound ofthe organic flour used in its loaves. The bakery expects to produce the following number of loaves in each ofthe upcoming four months: @ {Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% ofthe following month's flour needs on hand at the end of each month. At the end of June, there were 151 pounds of flour on hand. Prepare the direct materials budget for the third quarter: with a column for each month and for the quarter. ' July August September Quarter Units to be produced :I Multiply by: Pounds of flour needed per unit l;| lQuantity needed {lbsl for production I ll l Plus: Desired ending inventory of direct materials II II Total quantity {lbs} needed Less: Beginning inventory of direct materials Quantity (lbs) to purchase Multiply by: Cost per pound lllllHU Total cost of direct material purchases