Data table

Data table

$($a$).$ Begin by calculating the direct materials usage budget in quantity and then in dollars $($label it Schedule $3$A$)$ for the year ending December $31,2020.$

Schedule $3$A: Direct Material Usage Budget in Quantity and Dollars

for the Year Ending December $31,2020$

Physical Units Budget

Direct materials required for Knox lamps lbs$.$ yards

Direct materials required for Ayer lamps lbs$.$ yards

Total quantity of direct materials to be used lbs$.$ yards

Cost Budget

Available from beginning direct materials inventory

$($under a FIFO cost$-$flow assumption$)$

Metal

Fabric

To be purchased and used this period

Metal

Fabric