= @ Return Submit 1 3 points Fill in the blanks to make correct statements about the Direct Materials Budget. The Direct Materials budget is based on the Production Budget. The first step in calculating the Direct Materials Budget is to multiplying the #units to be produced in each period by the quantity of Unit current required for each unit. This tells me the quantity of DM needed for each period's production. I need enough direct materials for 1) the Next period's DM needs, and 2) a certain percentage of the type your answer... Percentage or CHIC type your answer... period's DM needs. Then I must subtract my Beginning invetory. of direct materials, which comes from the extra I bought in the previous period. Finally, I can find the quantity of Direct Materials I need to Purchase and calculate what the cost will be. 2 1 point When creating the Manufacturing Overhead Budget or the Operating Expenses Budget, make sure to O multiply variable expenses by the number of units, and add total fixed costs. multiply fixed costs by the number of units, and add total variable costs. Purchase and calculate what the cost will be. 2 1 point When creating the Manufacturing Overhead Budget or the Operating Expenses Budget, make sure to multiply variable expenses by the number of units, and add total fixed costs. multiply fixed costs by the number of units, and add total variable costs. only consider fixed costs, as there are no variable costs in manufacturing overhead or operating expenses. multiply all expenses by the number of units. Submit