QUESTION 4 Lens junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 20,000 in February. Each lens consists of 2 pounds of silicon costing $2.60 per pound, 2 oz of solution costing $3.00 per ounce, and 30 minutes of direct laborat a labor rate of $15 per hour. Desired inventory levels are: Dec Jan Feb Beginning inventory finished goods 4,500 14.900 5.000 Direct materials: silicon 8,500 9.100 9,200 Direct materials: solution 11,200 12,000 13,000 Prepare a direct materials budget for silicon and solution Round to the nearest whole unless otherwise specified Lens Junction Direct Materials Budget Direct Materials Solution For the Two Months Ending Feb. 28, 2019 Jan. Feb. Units to Be Produced Direct Material per Unit Jan. Feb. Units to Be Produced Direct Material per Unit Total Ounces Needed for Production Desired Ending Inventory Total Material Required Beginning inventory Ounces of Direct Material Purchase Requirements Cost per Ounce $ $ Total Cost of Direct Material Purchase Total Direct Materials Solution for Two Months Ending Feb 28, 2019