Exercise $20-7($Algo$)$ Manufacturing: Direct materials budget LO P$1$

Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of $246,000$ units in the second quarter and $58,500$ units in the third quarter. Each unit requires $0\mathrm{.}60$ pound of direct materlal, priced at $$181$ per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to $60\%$ of next quarter's budgeted direct materials required. Raw material inventory is $88,560$ pounds at the beginning of the second quarter.

Prepare a direct materials budget for the second quarter. $($Enter "per unit" answers in two decimal places.$)$

$\backslash$table$[[$RIDA INCORPORATED,$],[$Direct Materials Budget,,$],[$Units to produce,Second Quarter,$],[,246,000,$units$],[$Materials needed for production $($pounds$),,],[,,],[$Total materials required,,$],[,,],[$Materials to purchase $($pounds$),,],[$Cost of direct materials purchases,,$]]$