Question 8 of 10 / 25 5 View Policies Current Attempt in Progress Marx Industrial has estimated that production for the next five quarters will be: Production Information 1st quarter, 2020 49,500 units 2nd quarter, 2020 44,800 units 3rd quarter, 2020 54,200 units 4th quarter, 2020 42,400 units 1st quarter, 2021 51,100 units Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $311,850 of raw material on hand at the beginning of the first quarter, 2020. Marx desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Marx Industrial for 2020. Marx Industrial Direct Materials Purchases Budget r the Year Ending December 31, 2020 Quarter 2 Quarter 3 Quarter 4 Year 9 045534dex.html?launchld=5bcb7963-6e24-4067-b09e-fd4976e9ef25#/question/7 Question 8 of 10 - / 25 3 : Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $311,850 of raw material on hand at the beginning of the first quarter, 2020. Marx desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Marx Industrial for 2020. Marx Industrial Direct Materials Purchases Budget For the Year Ending December 31, 20 Quarter 1 Quarter 2 $ $ $ $ eTextbook and Media Attempts: 0 of 1 used Submit Answer Save for Later 75OF 045534ment-player/index.html?launchld=5bcb7963-6e24-4067-b09e-fd4976e9ef25#/question/7 Question 8 of 10 /25 E : Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $311,850 of raw material on hand at the beginning of the first quarter, 2020. Marx desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Marx Industrial for 2020. Marx Industrial Direct Materials Purchases Budget the Year Ending December 31, 2020 Quarter 2 Quarter 3 Quarter 4 Year $ 5 eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer 75 046534 F10 144 F12 4x ESC F C F2 Fo