Sbome Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy. The company pays $3 for each computer chip. To help to guard against stockouts of the computer chip bome Industries has a policy that states that the ending inventory of computer chips should be at least 80% of the following mon 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 materiais budget for the first quarter that shows both the number of computer chips needed and the door amount of the purchases in the budget Data Table Stuffed animals to be produced Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget Osborne Industries Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced Multiply by Quantity of direct materials needed per un Quantity needed for production Plus Desired ending inventory of direct materials Total quantity needed Les Beginning inventory of direct mais Quality to purchase Multiply by Cost per unit Total cost of direct material purchases Print Done Enter any number in the Seas and then continue MacBook Air 2 3 4 5 6 w