Hofiman industries manufactures a pogular interactive stuffed animal for children that requires three compuser chips inside each toy. The company pays $4 for each oomputer chip. To help to guard against stockeuts of the computer chip, Holfman industries has a policy that states that the ending inventory of computer chips should be at least 20% of the following month's producticn needs. The production schodule for the first four months of the year is as folows: (Cick the icon to view the production schodule) Requirement Prepare a direct materials budget sor the first quarter that shows both the number of compuser chips needed and the dolar amount of the purchases in the budget Prepare the deect materials budgot by fint calculatng the sotal quantify needed, then complese the budget. Data table