Rouse Industries manufacture a popular interactive stuffed animal for children that requires four computer chips inside each toy The company pays $1 for each computes chip To help to guard against stockouts of the computer chip. Rouse Industries has a policy that states that the ending inventory of computer chips should be at least 30% of the following months production needs The production schedule for the first four months of the year is as follows Click the Icon to view the production schedule) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases In the budget Prepare the direct materials budget by first calculating the total quantity needed then complete the budget