Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 285,000 units in the second quarter and 71,500 units in the third quarter. Raw material inventory is 57,000 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.40 pounds of raw material, priced at $194 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. (Enter "per unit" answers in two decimal places.) 285,000 units 0.40 pounds 114,000 pounds RIDA INC. Direct Materials Budget Second Quarter Units to be produced Materials requirement per unit Materials needed for production (pounds) Budgeted ending inventory (pounds) Total materials requirements (pounds) Beginning inventory (pounds) Materials to be purchased (pounds) Material price per pound $ Budgeted cost of direct materials purchases 57,000 pounds 194.00 per pound