The direct-material budget shows the number of units and the cost of material to be purchased and used during a budget period. Which of the following formulas is this schedule based on? Multiple Choice 0 Raw materials required for production - desired ending inventory of raw material = Total raw material required - expected beginning inventory of raw material = Raw material to be purchased. 0 Raw materials required for production desired ending inventory of raw material - Total raw material required + expected beginning inventory of raw material = Raw material to be purchased. 0 Total raw material required + Raw materials required for production - desired ending Inventory of raw material - Raw material to be purchased. 0 Raw material to be purchased + expected beginning inventory of raw material = Desired ending inventory of raw material * cost per unit = Raw materials required for production. 0 Raw material required for production + [(expected beginning inventory of raw material + desired ending inventory of raw material)/2) = Raw material to be purchased