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Xenos Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is (i) (Click the icon to view the budgeted to use 40 skeins of wool at a cost of $3 per additional information.) skein and 0.7 gallons of dye at a cost of $7 per gallon. All othei. iterials are indirect. At the beginning of the year dyeing. Xenos budgets 70 direct. Xenos has an inventory of 460,000 skeins of wool at a manufacturing labor-hours to weave a rug at a cost of $1,012,000 and 4,100 gallons of dye at a cost of budgeted rate of $14 per hour it budgets 0.3 $24,395. Target ending inventory of wool and dye is zero machine-hours to dye each skein in the dyeing Xenos uses the FIFO inventory cost flow method. process (Click the icon to view the budgeted overhead costs ) Requirement 1. Prepare a direct material usage budget in both units and dollars Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget Direct Material Usage Budget in Quantity and Dollars Xenos Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is (i) (Click the icon to view the budgeted to use 40 skeins of wool at a cost of $3 per additional information.) skein and 0.7 gallons of dye at a cost of $7 per gallon. All othei. iterials are indirect. At the beginning of the year dyeing. Xenos budgets 70 direct. Xenos has an inventory of 460,000 skeins of wool at a manufacturing labor-hours to weave a rug at a cost of $1,012,000 and 4,100 gallons of dye at a cost of budgeted rate of $14 per hour it budgets 0.3 $24,395. Target ending inventory of wool and dye is zero machine-hours to dye each skein in the dyeing Xenos uses the FIFO inventory cost flow method. process (Click the icon to view the budgeted overhead costs ) Requirement 1. Prepare a direct material usage budget in both units and dollars Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget Direct Material Usage Budget in Quantity and Dollars