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Question Help Kyler Industries manufactures a popular interactive stuffed animal for children that requires three computer chips inside each toy. The company pays $1 for
Question Help Kyler Industries manufactures a popular interactive stuffed animal for children that requires three computer chips inside each toy. The company pays $1 for each computer chip. To help to guard against stocrouts of the computer chip, Kyler Industries has a policy that states that the ending inventory of computer chips should be at least 30% or the following month's production needs. The production schedule for the first four months of the year is as follows (Click the icon to view the production schedule) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget. February Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget Kyler Industries Direct Materials Budget For the Months of January through March January March Quarter Units to be produced Multiply by Quantity of direct materials needed per unit Quantity needed for production Plus Desired ending inventory of direct materials Total quantity needed Less Beginning inventory of direct materials Quantity to purchase Multiply by Cost per unit Total cost of direct material purchases Enter any number in the edit fields and then continue to the next question Type here to search O ENG 12:20 AM 5/21/2020 10). Ne culpany pays $1 for each computer chip. To help to Jul computer um should be at least 30% of the following month's production needs. The production schedule for the first four months of the year schedule.) first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget. st calculating the total quantity needed, then complete the budget. Kyler Industries Direct Materials Budget the Months of January through March January February Data Table Mat eeded per unit materials January February March April Stuffed animals to be produced 5.000 4,100 4 400 4.500 ials Print Done then continue to the next question o
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