Homework: Chapter 11 Homework Save Score: 0 of 1 pt 4of9(o complete) HWScore: 0%, 0 of 9 pts E9-20A (similar to) Question Help Kyler Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each toy. The company pays $4 for each computer chip. To help to guard against stockouts of the computer chip, Kyler Industries has a policy that states that the ending inventory of computer chips should be at least 30% ofthe blowing month's production needs. The production schedule for the first four months ofthe year is as follows: (Cick the icon to view the production schedule.) Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget. Kyler Industries Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced Muitiply by: Quantity of direct materials needed per unit Quanity needed for production Plus: Desired ending inventory of direct materials pus Desired orang inventory of drod materials Total quantity needed Enter any number in the edit fieids and then click Check Answer Clear All Check