Blue Wave Co predicts the following unit sales for the coming four months: September, 3,700 units: October, 4,500 units; November, 6,900 units; and December 7,900 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 2,300 finished units on hand. Prepare a production budget for each of the months of September, October, and November. Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) % % November 0 0 Units to be produced 0 MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $5 per pound and 0.7 direct labor hours at a rate of $20 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $10,000 per month. The company's policy is to end each month with direct materials inventory equal to 20% of the next month's materials requirement. At the end of August the company had 4,480 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget September October November Units to be 5,000 produced 7,100 6,000 (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 Required Required 2 3 Prepare direct materials budgets for September and October MCO Leather Direct Materials Budget For the Months of September and October September October Budgeted production (units) Materials requirements per unit (lbs.) Materials needed for 0 production (lbs.) Budgeted ending inventory (lbs.) 0 0 Total materials requirements (lbs.) Budgeted beginning inventory (lbs) Materials to be purchased (lbs.) Direct material cost per lb. Total budgeted direct materials 0 0 $ os 0 Required 1 Required 2 > (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 Required Required 1 2 3 Prepare direct labur budgets for September and October. (Round "DL hours required per unit" answers to one decimal place.) 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 0 Direct labor rate per hour Total budgeted direct labor $ 0 $ 0 (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 Required Required 1 2 3 Prepare factory overhead budgets for September and October MCO Leather Factory Overhead Budget For the Months of September and October September October Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead 0 Budgeted fixed overhead Total budgeted factory overhead 0 $ 0 0 $