Requirement Prepare the Direct Materials Budget for Carter Inc. Company. Company policy calls for a given quarter's ending raw materials inventory to equal 30% of next quarter's expected materials needed for production. The prior year-end inventory is 1,980 lbs of materials, which complies with the policy. The company expects to have 3,168 lbs. of materials in inventory at year-end. The product's manufacturing cost is $183 per unit, including per unit costs of $104 for materials (8 lbs. at $13 per Ib.), $54 for direct labor (3 hours x $18 direct labor rate per hour), $21 for variable overhead, and $4 for fixed overhead. Show less A Carter Inc. Direct Materials Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Budgeted production (units) Materials needed for production (pounds) 1,980 3,168 Total materials requirements (pounds) Materials to be purchased (pounds) Total cost of direct materials purchases Production Budget Direct Lbr Budget > Requirement Prepare the Direct Materials Budget for Carter Inc. Company. Company policy calls for a given quarter's ending raw materials inventory to equal 30% of next quarter's expected materials needed for production. The prior year-end inventory is 1,980 lbs of materials, which complies with the policy. The company expects to have 3,168 lbs. of materials in inventory at year-end. The product's manufacturing cost is $183 per unit, including per unit costs of $104 for materials (8 lbs. at $13 per Ib.), $54 for direct labor (3 hours x $18 direct labor rate per hour), $21 for variable overhead, and $4 for fixed overhead. Show less A Carter Inc. Direct Materials Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Budgeted production (units) Materials needed for production (pounds) 1,980 3,168 Total materials requirements (pounds) Materials to be purchased (pounds) Total cost of direct materials purchases Production Budget Direct Lbr Budget >