Data Table Direct materials Metal Fabric $ 2 per pound (same as in 2016) $ 3 per yard (same as in 2016) $ 15 per hour Direct manufacturing labor Content of Each Product Unit Product Knox Ayer Metal 3 pounds 2 pounds 1 yard Fabric 3 yards Direct manufacturing labor 0.15 hours 0.2 hours Direct Materials Metal Fabric Beginning inventory Target ending inventory 15,000 pounds 13,000 pounds 9,000 yards 7,000 yards Print Done Data Table Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Knox Ayer Budgeted units sales 18,600 1,800 15,000 800 Add target ending finished goods inventory Total required units 15,800 20,400 3,400 Deduct beginning finished goods inventory 800 17,000 15,000 Units of finished goods to be produced Print Print Done Done W T16-2 (similar to) Question Help Dazzling Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. It expects to manufacture 17,000 Knox lamps and 15,000 Ayer lamps in 2017. The following data are available for the year 2017. (Click the icon to view the information.) (Click the icon to view the December 31, 2017 production budget in units.) Calculate (a) the direct materials usage budget in quantity and dollars (label it Schedule 3A); (b) the direct materials purchase budget in quantity and dollars (label it Schedule 3B); and (c) the direct manufacturing labor costs budget (label it Schedule 4) for the year ending December 31, 2017 Schedule 3A: Direct Material Usage Budget in Quantity and Dollars for the Year Ending December 31, 2017 Material Metal Fabric Total Physical Units Budget Direct materials required for Knox lamps 17,000 yards Direct materials required for Ayer lamps 34,000 lbs. 45,000 lbs. 79,000 be 45,000 yards 62,000 yards Total quantity of direct materials to be used Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Metal Fabric To be purchased and used this period $ 30,000 $ 27,000 Metal Fabric Direct materials to be used this period