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Thanks for the help tutors! CoursHeroTranscribedText: Two ounces of bentonite clay are required for each...

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CoursHeroTranscribedText: Two ounces of bentonite clay are required for each container of product. The cost of the clay is $1.60 per ounce. Budgeted production is given below by quarters for Year 2 and for the first quarter of Year 3: Year 2 Year 3 First Second Third Fourth First Budgeted production, (# of 76,000 106,000 166, 000 116, 000 86, 000 containers) . The inventory of bentonite clay at the end of a quarter must be equal to 20% of the following quarter's production needs. . Some 30,400 ounces of clay will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for bentonite clay, by quarter and in total, for Year 2. Clay Solutions Inc. Direct Materials Budget - Year 2 Quarter First Second Third Fourth Year Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased

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