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Seved MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct matenals at a cost of $4 per pound and 07 direct labor hours at a rate of $19 per hour Variable manufacturing overhead is charged at a rate of $3 per direct labor hour Fixed manufacturing overhead is $13,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's materials requirement at the end of August the company had 3.280 pounds of direct materiats in inventory The company's production budget reports the following Production Buget September October Nober Units to be produced 5,600 7.000 5,500 (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. Required red2 Required prepare direct materials budgets for September and October MCO Leather Direct Materials Budget For the Months of September and October September October Buchet Monte Mondo 0 Buiten) geleden Megi Units to be produced 5,600 7,000 (1) Prepare direct materials budgets for September and C (2) Prepare direct labor budgets for September and Octo (3) Prepare factory overhead budgets for September and Complete this question by entering your answers in t Required 1 Required 2 Required 3 Prepare direct labor budgets for September and October. (Rou MCO Leather Direct Labor Budget For the Months of September and October September October Budgeted production (units) DL hours required per unit Total direct labor hours needed 0 Direct labor rate per hour Total budgeted direct labor 5 s 0 0