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Ornamental Sculptures Mig. manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hours at a rate of $11 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $4.900 per month. The company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement. At the end of February the company had 4,480 pounds of direct materials in inventory. The company's production budget reports the following Production det April May Units to be produced 5,700 25 March 3,400 4.800 (1) Prepare direct materials budgets for March and April (2) Prepare direct labor budgets for March and April (3) Prepare foctory overhead budgets for March and April Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare direct matotals budgets for March and April ORNAMENTAL SCULPTURES MEG Direct Materials Budget For the Month of March and April March Apd Budgeted production units) Materials requirements per unit (lbs) Material needed for production (lbs) Budgeted ending inventory bs) Ornamental Sculptures Mig, manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 04 direct labor hours at a rate of $11 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $4.900 per month The company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement. At the end of February the company had 4,480 pounds of direct materials in inventory. The company's production budget reports the following Production Budget Units to be produced March 3,400 April 4,800 May 5,700 (1) Prepare direct materials budgets for March and April (2) Prepare direct labor budgets for March and April (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April April ORNAMENTAL SCULPTURES MFG. Direct Materials Budget For the Months of March and April March Budgeted production (units) Matanals requirements per unit (bis) Materials needed for production (lbs) Budgeted ending inventory (lbs) (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. April ORNAMENTAL SCULPTURES MFG. Direct Materials Budget For the Months of March and April March Budgeted production (units) Materials requirements per unit (lbs) Materials needed for production (lbs.) Budgeted ending inventory (lbs) Total materials requirements (lbs) Budgeted beginning inventory (lbs.) Materials to be purchased (lbs.) Direct material cost per lb. Total budgeted direct materials Required Required 2 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. 2 Complete this question by entering your answers in the tal Required 1 Required 2 Required 3 Prepare direct labor budgets for March and April. (Round "DL hours ORNAMENTAL SCULPTURES MFG. Direct Labor Budget For the Months of March and April March April Budgeted production (units) DL hours required per unit Total direct labor hours needed Direct labor rate per hour Total budgeted direct labor (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs be Required 1 Required 2. Required 3 Prepare factory overhead budgets for March and April. April ORNAMENTAL SCULPTURES MFG. Factory Overhead Budget For the Months of March and April March Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead