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MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $5 per pound and 0.7 direct tabor hour at a rate of $14 per hout Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fived overhead is $20,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's direct materiats requinement. At the end of August the company had 2700 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for September and Octobec. (2) Prepare direct labor budgets for September and Octobet. (3) Prepare factory overheod budgets for September and October. Complete this question by entering your answers in the tabs below. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materiats at a cost of $5 per pound and 0.7 direct tobor hour at a rate of $14 per hour vartable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $20,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's direct materials requirement, At the end of August the company had 2.700 pounds of direct materials in irventory. The company's production budget reports the following. (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October. (3) Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below. Prepare factory overhead budgets for September and Octobet MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials of a cost of $5 per pound and 07 direct tabor hour at a rate of $14 per hout. Variable overhead is budgeted at a rate of $3 per direct labor hour, Budgeted fored overthead is $20,000 per month. The company's policy is to end eoch month with direct materials inventory equal to 30% of the next month's direct: materials requirement. At the end of August the company had 2,700 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct inaterials budgets for September and Octobet: (2) Prepare direct inbor budgets for September and Octobec (3) Prepare factory overhend biopets for September and October. Complete this question by entering your answers in the tabs below. Prepsie direct matenus budgets for Septenstur and octotes
