Furniture, Inc. makes and sells a single product called a Bik. The company wants to prepare the direct material budget for the quarter ending June 30. Budgeted production of Biks for the next six months is as follows: 10 points Save Answer February .14.000 Units March 15,500 Units April 11.900 Units May 12,600 Units June 14.500 Units July 16,000 Units It takes three yards of Material A to make one Bik. The company wants to maintain monthly ending inventory of Material A equal to 20% of the following month's production needs. On March 31, 2,000 yards of Material A were on hand The cost of Material A is $5 per yard Required: 1. Prepare the Direct Materials Budget for April, May, June, and quarter 2. Based on the direct material budget that you prepared in requirement 1 above and assume that the direct materials purchase in February was $150,000 and in March was $160,000. Prepare the cash disbursements budget for April if the company policy for paying purchases is as follows: - 10 in the month of purchase. - 50% one month after purchase. - 40% two months after purchaser For the toolhar preso AT-F10 YPC or ALT+FN+F10 (Mac)