T16-2 (similar to) Question Help Magnify Corporation manufactures and selis two types of decorative lamps Knox and Ayer It expects to manufacture 22,000 Knox lamps and 13,000 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 doilars (label it Schedule 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 Schedule 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 Direct materials required for Ayer lamps Total quantity of direct materials to be used yards 1 of 5 (0 complete) and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 22,000 ble for the year 2017. mation.) 2 (Click the icon to view the December 31, 2017 production budget in unit i Data Table Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Ayer 22 600 13.000 Budgeted units sales. Add target ending finished goods inventory Total required units Deduct beginning finished goods Inventory 24 500 13 900 900 13 000 22.000 Units of finished goods to be produced Done and then click Check Answer 76 HW 10 points 1 of 5 (0 complete) Data Table ilable orma usag Direct materials Metal 5 per pound (same as in 2016) Se $ Fabric 6 per yard (same as in 2016) Direct manur uring labor per hour Content of Each Product Unit Product Ayer pounds 2 pounds 3 yards POS CHES Direct Materials Metals Fabric 18 000 pounds 11000 yards Beginning inventar Targel ending Intelor 16.000 pounds 9.000 yards