Iridescent Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 18,000 Knox lamps and 9,000 Ayer lamps in 2017. The following data are available for the year 2017. (Click the icon to view the information.) (Click the icon to view the December 31, 2017 production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017. (a). Begin by calculating the direct materials usage budget in quantity and then in dollars (label it Schedule 3A) for the year ending December 31, 2017. Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Physical Units Budget Material Metal Fabric Total Direct materials required for Knox lamps lbs. yards Direct materials required for Ayer lamps lbs. yards Total quantity of direct materials to be used lbs. yards Data table Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Ayer Budgeted units sales 18,800 9,000 1,800 800 Add target ending finished goods inventory Total required units 20,600 9,800 Deduct beginning finished goods inventory 2,600 800 18,000 9,000 Units of finished goods to be produced Direct materials Metal $ 2 per pound (same as in 2016) Fabric $ 3 per yard (same as in 2016) Direct manufacturing labor $ 18 per hour Content of Each Product Unit Product Knox Ayer Metal 3 pounds 4 pounds Fabric 1 yard 2 yards Direct manufacturing labor 0.05 hours 0.1 hours Direct Materials Metal Fabric Beginning inventory 8,000 pounds 3,000 yards Target ending inventory 6,000 pounds 1,000 yards