Trst quarter that sho purchas Data table t calculating the tota Osborne Ind Direct Material ne Months of Jan January February Stuffed animals to be produced 5,000 4,800 4,900 4,500 ... March April eded per unit uterials Print Done Osborne Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy. The company pays $2 for each computer chip. To help to guard against stockouts of the computer chip. Osborne Industries has a policy that states that the ending inventory of computer chips should be at least 30% of the following month's production needs. The production schedule for the first four months of the year is as follows: Click the icon to view the production schedule) Prepare a direct materials budget for the first quarter that shows both the number of computer chipa needed and tho deitar amount of the purchives in the budget Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget Osborne Industries Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced 5,000 4.800 4,500 Mutiply by: Quantity of direct materiais needed per unit Quantity needed for production 10,000 9.500 9,800 9,000 Plus: Desired ending inventory of direct materials Total quantity needed 4.900