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

Sales Budget Production Budget Direct Mtls Budget Direct Ihr Budget Factory OH Budget Selling Exp Budget Admin Exp Budget Cost of Goods Sold Income Statement 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. Show less Arrington Inc. Direct Materials Budget For the year ended December 31, 2018 First Qtr. Second Qtr. 1.755 40.00 400 Third Q Fourth Qur. Total Budpeted production (units) 374 400 400 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) Material price per pound Total cost of direct materials purchases Pre 1 of 1 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 needed for production. The prior year end inventory is 1,512 lbs of materials, which complies with the pa expects to have 2.880 lbs. of materials in inventory at year end. The product's manufacturing og per unit costs of $52 for materials (4 lbs. at $13 per lb.), $44 for direct labor (2 hours X $22 dired labor variable overhead, and $8 for fixed overhead. Arrington Ine. Direct Materials Budget For the year ended December 31, 2018 First Qtr Second Qur. 1.755 374 40.0 40.0 Total Third Qur. 1,584 40.0 Fourth Qr. 727 40.0 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) Material price per pound Total cost of direct materials purchases