Magnily Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 21,000 Knox lamps and 13,000 Ayer lamps in 2017. The following data are available for the year 2017 EEl (Click the loon to viaw the information.) EB Click the loon to viaw 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 ma Decamber 31, 2017 Data Table Data Table Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Schedule 2: Production Budget in Units) for the Year Ending December 31, 2017 Direct materials Material Metal $4 per pound (same as in 2016) $5 per yard (same as in 2016) Metal Fabric Total Knox Fabric Physical Units Budget Direct materials required for Knox lamps Direct materials required for Ayer lamps Total quancity of direct materials to be used Cost Budget Available from beginning direct materials inventory Budgeted units sales Add target ending finished goods inventory Total required units Deduct beginning finished goods inventory Units of finished goods to be produced 22,600 1.600 24,200 3,200 21,000 13.000 600 13,800 600 13,000 Direct manufacturing labor 16 per hour 1,000 lbs. 21,000 yards 26.000 bs. yards D. yards Content of Each Product Unit Product Metal Fabric Direct manufacturing labor Knox pounds2 yard (under a FIFO cost-flow assumption) 2 yards Print Done 0.05 hours 0.15 hours Metal Fabric Direct Materials To ba purchased and used this period Metal 18,000 pounds 16,000 pounds Fabric 6,000 yards 4,000 yards Metal Beginning inventory Target ending inventory Fabric Direct materials to be used this period Print Done Enter any number in the edit fields and then click Check