Prepare the Direct Materials Budget for Arrington Inc. -production budget direct material. HELP! (please & thank you!)

Sales Budget Production Budget Direct Mels Budget Budgeted production (units) Materials requirements per unit Materials needed for production (pounds) Budgeted ending inventory (units) Total materials requirements (pounds) Budgeted beginning inventory (units) Materials to be purchased (pounds) Direct Lbr Budget Material price per pound Total cost of direct materials purchases Factory OH Selling Exp Admin Exp Cost of Budget Budget Goods Sold Budget Requirement Prepare the Direct Materials Budget for Arrington Inc. Company. Company policy calls for a given quarter's ending raw materials inventory to equal 40% of next quarter's expected materials needed for production. The prior year-end inventory is 1,512 lbs of materials, which complies with the policy. The company expects to have 2,880 lbs. of materials in inventory at year-end. The product's manufacturing cost is $121 per unit, including per unit costs of $52 for materials (4 lbs. at $13 per lb.), $44 for direct labor (2 hours x $22 direct labor rate per hour), $17 for variable overhead, and $8 for fixed overhead. Arrington Inc. Direct Materials Budget For the year ended December 31, 2018 First Qtr 1.755 40.0 Second Qtr. 374 40.0 < Production Budget Third Qtr. 1,504 40.0 Income Statement Fourth Qtr. Direct Lbr Budget > 727 40.0 Total Prov Show less 1 of 1