15 Part 2 of 2 066 points The company plans for finished goods inventory of 300 units at the end of June. In pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30% of next each finished unit r needs pound Each finished unit requires 060 hours of direct labor at the rate of $17 per hour. The company budgets variable overhead at the rate of $21 per direct labor hour and budgets fixed overhead of $9,800 per month. Exercise 22-9 Manufacturing: Direct labor and factory overhead budgets LO P1 1. Prepare a direct labor budget 2. Prepare a factory overhead budget for April, May, and June 750 labor cost