540 480 610 580 580 620 570 640 Sales (units) Budgeted production (units) The company plans for finished goods inventory of 160 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 720 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The company budgets variable overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per month. 1. Prepare a direct labor budget 2. Prepare a factory overhead budget for April, May, and June Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a direct labor budget. (Enter your direct labor hours (hrs.) per unit in two decimahplaces.) RAMOS Co Direct Labor Budget For April, May, and June April May une 480 610 580 units Budgeted production (units) Total labor hours needed Budgeted direct labor cost Nay 620 Sales (units) Budgeted production (units) 540 480 570 580 640 580 2 The company plans for finished goods inventory of 160 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 720 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The company budgets variable overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per month. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a factory overhead budget for April, May, and June. es RAMOS CO. Factory Overhead Budget For April, May, and June April May June Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead