ter 10 Truck Production Beg Inv. Resin Budget -units Quarter Swisher Toys is preparing its budget for 2017. Budgeted production of toy dump trucks for the year is given in the table Budget-Ibs Each truck requires 3 pounds of resin, which is used to produce the trucks. Each pound of resin costs $0.42. Budgeted resin inventories in lbs. are also given in the table. Prepare the direct materials budget by quarter and in total for 2017. Use the provided T- accounts to work out the material flows in pounds and then determine each quarter's purchase budget. Q1 -2017 Q2 -2017 Q3 -2017 Q4 2017 Q1-2018 420,000 500,000 900,000 360,000 380,000 450,000 810,000 324,000 250,000 Complete the T-Accounts RM-Q1 RM-Q2 1,500,000 Purchases EB RM-Q3 RM-Q4 Purchases EB Raw material usage is 3 lbs. for each unit of production. Complete the Budget Schedule Purchases -lbs unit cost urchase Budget Q1 -2017 Q2 -2017 Q3-2017 Q4-2017 Total 2017