yo E9-21A (similar to) Johnson Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each foy. The company pays $2 for each computer chip. To help to guard against stockouts of the computer chip. Johnson Industries has a policy that states that the ending inventory of computer chips should be at least 20% 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) arked Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget, it scot apts: Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget. Submis Johnson Industries Direct Materials Budget For the Months of January through March February January March Quarter 28A E9-20A Units to be produced Multiply by: Ouantity of direct materials needed per un Quantity needed for production Plus Desired ending inventory of direct materials Total quantity needed action needs. The pro edule.) quarter that shows both the number of computer chips needed and the dollar amount of the pu alculat i. Data Table Jd Dire he Month January February March Stuffed animals to be produced 5.200 4,400 4.500 4,200 needed per April LLLL + materials Print Done and then click Check Answer Clear All Chec