mylab.pearson.com/Student/PlayerTest.aspx?testld=238190599¢erwin=yes Managerial Accounting (3) "CleanMyMac X HealthMonitor* Notifi Notifications may include alerts, sounds and icon badges. Quiz: Quiz 2 Question 1 of 15 This quiz: 15 point(s) possible This question: 1 point(s) possible Submit quiz Damon Beverages manufactures its own juice bottles. The bottles are made from polyethylene terephthalate (PET), a lightweight yet strong plastic. Damon uses as much PET recycled resin pellets in its bottles as it can, both because using recycled PET helps Damon to meet its sustainability goals and because recycled PET is less expensive than virgin PET. Damon is continuing to search for ways to reduce its costs and its impact on the environment. PET plastic is melted and blown over juice bottle moulds to produce the bottles. One idea Damon's engineers have suggested is to retrofit the juice bottle moulds and change the plastic formulation slightly so that 25% less PET plastic is used for each bottle. The average kilograms of PET per juice bottle before any redesign is 0.004 kg. The cost of retrofitting the juice bottle moulds will result in a one-time charge of $29,148, while the plastic reformulation will cause the average cost per kilogram of PET plastic to change from $3.00 to $3.20. Damon's management is analyzing whether the change to the bottle moulds to reduce PET plastic usage should be made. Management expects the following number of juice bottles to be used in the upcoming year TH (Click the icon to view additional information.) Requirements Requirement 1. Using the original data (before any redesign of juice bottles), prepare a direct materials budget to calculate the cost of PET purchases in each quarter for the upcoming year and for the year in total. Start by preparing the direct materials budget through the total quantity needed, and then complete the budget. (Round all answers to the nearest number. For the quantity of direct materials needed per unit, enter round your answer to three decimal places X.XXX. Use parentheses or a minus sign for beginning Inventory balances. Round cost per kilogram to the nearest cent.) Damon Beverages Direct Materials Budget For Quarters 1 through 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Units to be produced Quantity of direct materials needed per unit Quantity of PET needed for production Plus: Desired ending inventory Total quantity needed Less: Beginning Inventory of direct materials Quantity to purchase