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Question 8 Bellevue Industrial has estimated that production for the next ve quarters will be: lst quarter, 2017 40,000 units 2nd quarter, 2017 36,000 units 3rd quarter, 2017 43,000 units 4th quarter, 2017 33,000 units lst quarter, 2018 41,000 units Finished units of production require 8 pounds of raw material per unit. The raw material cost is $7 per pound. There is $268,800 of raw material on hand at the beginning of the rst quarter, 2017. Bellevue desires to have 12 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Bellevue Industrial for 2017. Bellevue Industrial Direct Materials Purchases Budget For the Year Ending December 31, 2017 V V $ $ $ $ $ V V V V V V V $ $ $ $ $