(Solution Download) Micro Products, Inc., has developed a very powerful electronic calculator. Each calculator requires

 Micro Products, Inc., has developed a very powerful electronic calculator. Each calculator requires two small Ac?A?chipsAc??? that cost \$9 each and are purchased from an overseas supplier. Micro Products has prepared a production budget for the calculator by quarters for Year 2 and for the first quarter of Year 3, as shown below:

 Year 2 Year 3 First Second Third Fourth First Budgeted production, in calculators 60,000 88,000 154,000 98,000 71,000

 The chip used in production of the calculator is sometimes hard to get, so it is necessary to carry large inventories as a precaution against stockouts. For this reason, the inventory of chips at the end of a quarter must equal 25% of the following quarterAc??cs production needs. A total of 30,000 chips will be on hand to start the first quarter of Year 2.

 Required: Prepare a direct materials budget for chips, by quarter and in total, for Year 2. (Do not round intermediate calculations. Input all amounts as positive values. Omit the "\$" sign in your response.)

 Micro Products, Inc. Direct Materials Budget - Year 2 Quarter First Second Third Fourth Year Required production in calculators Number of chips per calculator Af? Af? Af? Af? Af? Production needsAc???chips (Click to select)AddDeduct: (Click to select)Ending inventoryBeginning inventory Total needs (Click to select)AddDeduct: (Click to select)Beginning inventoryEnding inventory Required purchasesAc???chips Total cost of purchases \$ \$ \$ \$ \$

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