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BONITA COMPANY Direct Materials Budget For the Six Months Ending June 30, 2020 * Quarter Prepare a production budget by quarters for the 6-month period ended June 30,2022 . On January 1,2022, the Bonita Company budget committee has reached agreement on the following data for the 6 months ending June 30,2022 . 7.700. The ending raw materials and finished goods inventories at December 31,2021. follow the same percentage relationships to production and sales that occur in 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Total Direct Labor Cost Direct Labor Cost Per Hour Total Cost of Direct Materials Purchases Total Pounds Needed for Production Total Required Direct Labor Hours Beginning Direct Materials (Pounds) Desired Ending Direct Materials (Pounds) Direct Materials Per Unit Cost Per Pound Total Materials Required Direct Materials Purchases Units to be Produced Direct Labor Time Per Unit