Xenos Manufacturing Company manufactures blue rugs, using wool and dye as(Click the icon to view the additional information.) direct materials. One rug is budgeted to use 43 skeins of wool at a cost of $6 per skein and 0.8 gallons of dye at a cost of $5 per gallon. All other materials are indirect. At the beginning of the year Xenos has an inventory of 454,000 skeins of wool at a cost of $998,800 and 3,500 gallons of dye ending inventory of wool and dye is zero. Xenos uses the FIFO inventory costE (Click the icon to view the budgeted ovethead costs.) flow method. There is no direct manufacturing labor cost for dyeing. Xenos budgets 40 direct manufacturing labor-hours to weave a rug at a budgeted rate of $16 per hour. It budgets 0.2 machine-hours to d of ye each skein in the dyeing process at a cost of $22,050. Target Read the requirements Requirement 1. Prepare a direct material usage budget in both units and dollars. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget Direct Material Usage Budget in Quantity and Dollars Material Wool Dye Total Physical Units Budget Direct materials required for Blue rugs Cost Budget Available from More Info (under a FIFO cost- Wool Xenos blue rugs are very popular and demand is high, but because of capacity constraints the firm will produce only 255,000 blue rugs per year. The budgeted selling price is $2,300 each. There are no rugs in beginning inventory. Target ending inventory of rugs is also zero. Dye To be purchased this Wool Xenos makes rugs by hand, but uses a machine to dye the wool. Thus, overhead costs are accumulated in two cost pools- one for weaving and the other for dyeing. Weaving overhead is allocated to products based on direct manufacturing labor-hours (DMLH). Dyeing overhead is allocated to products based on Dye Direct materials to be Requirement 2. Begin by determining Print Done Budgeted overhead rate Begin by determining the formula, then calculate the budgeted overhead allocation rate for dyeing. (Round your answer to the nearest cent.) Budgeted manufacturing overhead rate = Requirement 3. Calculate the budgeted unit cost of a blue rug for the year. (Round your answers to two decimal places.) Cost per Input per Budgeted unit of inputxunit of output unit cost Choose from any list or enter any number in the input fields and then continue to the next