Question 2 Londen Industries Limited as the following information 2012 July August 16,000 September 18.000 18,800 October 22,000 23,600 November 30,000 25,600 Each unit requires 6 pounds of raw materials that are eximated to cost an average of 110 pound. They also have a policy of ma each month equal to 20% of the pounds needed for the following month's production. There were 16,000 pounds of new materials on and Instructions For the thin t er of 2017. prepare a direct materials badget Jan t eriallary the ended 1, 2017 B eds to produced Die materiale de per -Mania Tourist Question 2 London Industries Limited has the following information: 2017 Budgeted Sale Unite Badgeted Production Unit July 20,000 19,200 August 16,000 16,400 September 18,000 18,800 October 22,000 23,600 November 30,000 25,600 Each unit requires 6 pounds of raw materials that are estimated to cost an average of 10 per pound. They also have a policy of maintaining any materialeveniory at the end of each month equal to 20% of the pounds needed for the following month's production. There were 16,000 pounds of raw materials on hand at June 10, 2017 Instructions For the third quarter of 2017, prepare a direct materials budget. Sember Budgeted units to be produced Direct materials needed per unit - Materials required for production Add: Desired ending direct materials -Total materials required