Smith drie manufactures a popular interactive stuffed animal for children that requires recomputer chips inside each soy. The company po 51 for each computer chip Te help to guard against tookouts of the computer chp, Inh moshe policy that states that the ending inventory of computea chips should be to 28% of the following months production of the production schedule for the first four months of the year is as follows Click the loon to vw the production schedule Requirement Prepare a dramatures budget for the future that shows both the number of computer chipareaded and the door amount of the purchases in the budget Prepare the direct materih budent by frut calculating the low quantity readed, the complete the hotel Smith industries Dire Materials Budget For the Months of January through March January February March Quarter Unt to be prend Multiply by Quantity of maleted Quanded for production Plus Desired ending inventory at det mul is the funds Check bart rering GA Check Ana E9-21A (similar to) Smith Industries manufactures a popular interactive stuffed animal for children that requires three computer chips inside each toy. The company pays $1 for Industries has a policy that states that the ending inventory of computer chips should be at least 25% of the following month's production needs. The production Click the icon to view the production schedule.) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computa Data Table Prepare the direct materials budget by first calculating the total quantity needed, then com Smith Industries Direct Materials Budget Stuffed animals to be produced For the Months of January through March 5,700 January February February 4,400 Units to be produced March 4,000 Multiply by: Quantity of direct materials needed per unit April 4,800 Quantity needed for production Plus: Desired ending inventory of direct materials Print Done Total quantity needed January. Enter any number in the edit fields and then click Check Answer 1 part remaining Clear All