Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 245,000 units in the second quarter and 282,500 units in the third quarter. Raw material inventory is 72,500 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.40 pounds of a key raw material, priced at $195 per pound. The company plans to end each quarter with an ending inventory of materials equal to 50% of next quarter's budgeted materials requirements. Prepare a direct materials budget for the second quarter. RIDA INC. Direct Materials Budget Second Quarter Units to be produced Materials requirement per unit Materials needed for production (pounds) 245.000 units 0.40 pounds Total materials requirements (pounds) Materials to be purchased (pounds) Budgeted cost of direct materials purchases