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MCO teather manufactures leather purses, Each purse requires 2 pounds of direct materlals at a cost of $4 per poind and 07 direct $13,000 per month. The company's pollcy is to end each month with direct materials inventory equal to 20% of the next month s dired materfals requirement. At the end of August the company had 1.840 pounds of direct materials in inventory. The compary's production budiget 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 direct materials budgets for September and October. 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 direct labor budgets for September and October. Note: Round "DL hours required per unit" answers to one decimal place. (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 October