Magnify Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 22,000 Knox lamps and 7,000 Ayer lamps in 2017. The following data are available for the year 2017. (Click the icon to view the data.) E (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 labour costs budget (label it Schedule for the year ending December 31, 2017 . - X Data (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 Production budget in units Material X Direct materials Metal Fabric Total Metal Fabric $ 3 per kilogram (same as in 2016) $ 4 per metre (same as in 2016) $ 23 per hour kg metres Direct manufacturing labour kg metres Ayer 7,000 1,400 Content of Each Product Unit kg Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Budgeted units sales 22,200 Add target ending finished goods inventory 2,400 Total required units 24,600 2,600 Deduct beginning finished goods inventory 22.000 Units of finished goods to be produced metres Physical Units Budget Direct materials required for Knox lamps Direct materials required for Ayer lamps Total quantity of direct materials to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Metal Product 8,400 1,400 Knox Ayer 2 kilograms Metal 7,000 1 kilogram 1 metre 1 Fabric Direct manufacturing labour 2 metres 0.1 hour 0.05 hour Fabric Direct Materials To be purchased and used this period Metal Print Done Metal Fabric Fabric 6,000 metres Beginning inventory Target ending inventory 15,000 kilograms 13,000 kilograms Direct materials to be used this period 4.000 metres (b) Calculate the direct materials purchase budget in quantity and dollars (label it Schedule 3B) for the year ending December 31, 2017. Print Done Schedule 3B: Direct Material Purchases Budget for the Year Ending December 31, 2017 Materials Metal Fabric Total Physical Units Budget