Homework: Chapter 9 Homework Part 1 of 2 ( Question 2 > Score: 0 of 2 points Save Gable Industries manufactures a popular interactive stuffed animal for children that requires three computer chips inside each toy. The company pays $1 for each computer chip. To help to guard against stockouts of the computer chip, Gable Industries has a policy that states that the ending inventory of computer chips should be at least 30% 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.) 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 . Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget. - X Data Table March 4.800 Quarter 14,500 Gable Industries Direct Materials Budget For the Months of January through March January February Units to be produced 5.400 4,300 3 3 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 16.200 12.900 3,870 4,320 Plus: Desired ending inventory of direct materials Total quantity needed 17490 14340 3 Stuffed animals to be produced 5.400 4.300 14.400 1200 January February 43,500 1200 March 4.800 15600 44700 April. *** 4.000 Print Done Enter any number in the edit fields and then click Check Answer Clear All Final Check Final Check Hon Me Salve This Video Get More Help 11an