Please include formulas for the anwers.

Buff Company maintains an ending inventory equal to 10% of the next quarter's production requirements. Use this and the information below to prepare the Direct Materials Budget. Number of pounds of direct materials required to for each product: 2.00 Expected cost per pound: $1.00 Beginning inventory of direct materials for quarter 1 of 2017, in pounds: 1, 300 Desired ending inventory of direct materials for quarter 4 of 2017, in pounds: 1, 700 Units to be produced Direct materials per unit Total pounds needed for production Add: Desired ending direct materials (pounds) Total materials required Less: Beginning direct materials (pounds) Direct materials purchases Cost per pound Total cost of direct materials purchases