T16-2 (similar to) Question Help Bright Light Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 24,000 Knox lamps and 15,000 Ayer lamps in 2017. The following data are available for the year 2017. Click the icon to view the information.) (Click the icon to view the December 31, 2017 production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedulo 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 (a). Begin by calculating the direct materials usage budget in quantity and then in dollars (label it Schedulo 3A) for the year ending December 31, 2017 Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Material Metal Fabric Total Physical Units Budget Direct materials required for Knox lamps lbs. yards Direct materials required for Ayer lamps lbs yards Total quantity of direct materials to be used lbs yards Direct materials Metal Fabric Direct manufacturing labor $ 2 per pound (same as in 2016) $3 per yard (same as in 2016) $ 22 per hour Content of Each Product Unit Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Budgeted units sales 25,000 Add target ending finished goods inventory 2,300 Total required units 27,300 Deduct beginning finished goods inventory 3,300 Units of finished goods to be produced 24,000 Ayer 15,000 1,300 Product Knox 16,300 1,300 Metal Fabric 1 pounds 1 yard 0.1 hours Ayer 2 pounds 2 yards 0.2 hours 15,000 Direct manufacturing labor Print Done Direct Materials Metal Fabric 13,000 pounds 6,000 yards 11,000 pounds 4,000 yards Beginning inventory Target ending inventory Print Done