Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of e required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget Johnson Manufacturing Direct Materials Budget For the Months of January through March January February March Quarter 3,550 3,350 3,600 10,500 Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Total quantity needed Less: Quantity to purchase Multiply by: Cost per pound Total cost of direct material purchases 10,650 2,010 12,660 0,05010,800 2,760 12,210 13,560 31,500 2,760 34,260 2,160 Desired ending inventory of direct materials Beginning inventory of direct materials Number of planters to be sold January. . February.... 3,600 3,400 3,200 4,800 4,000 arc April.. May Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: licktheicontoofthe year was900plarters Thanterred inventoryofounderarpoattheenneeachmorthaThepolyp Inventory at the start of the year was 900 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.10 per pound