Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 244,000 units in the second quarter and 281,500 units in the third quarter. Raw material inventory is 71,500 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 $194 per pound. The company plans to end each quarter with an ending inventory of materials equal to 508 of next quarter's budgeted materials requirements. Prepare a direct materials budget for the second quarter. 244,000 units 0.401 pounds 97.600 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