Magnify Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 26,000 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 TUI Le Teal Cluny December JT, ZUTT Materials Metal Fabric Total Physical Units Budget To be used in production yards Add target ending inventory Total requirements Deduct beginning inventory yards yards yards yards Purchases to be made Cost Budget Metal Fabric Direct materials to be purchased this period Enter any number in the edit fields and then click Check Answer. Direct materials Metal Fabric $ $ $ 2 per pound (same as in 2016) 3 per yard (same as in 2016) 14 per hour Direct manufacturing labor Content of Each Product Unit Product Knox Ayer Metal Fabric Direct manufacturing labor 4 pounds 1 yard 0.25 hours 5 pounds 2 yards 0.35 hours Direct Materials Metal Fabric Beginning inventory Target ending inventory 8,000 pounds 6,000 pounds 10,000 yards 8,000 yards Print Done Ayer 9,000 Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Budgeted units sales 27,000 Add target ending finished goods inventory 1,600 Total required units 28,600 Deduct beginning finished goods inventory 2,600 26,000 Units of finished goods to be produced 600 9,600 600 9,000 Print [Done