C. James Company uses 3 pounds of direct materials for each unit it produces, at a cost of $6 per pound. Management desires an ending inventory of 15% of next month's materials needed for production. The company ends with 24320 pounds of material in Raw Materials Inventory in October. . Prepare a Direct Materials Budget for the third quarter, in total and October by month. 2019 Q3 July August September Total October Budgeted units to be produced Materials required per unit Material units needed for production Plus: desired/budgeted ending inventory Total material units required Less: beginning inventory Material units to be purchased Material cost per unit Total cost of direct materials Question 2. Ayman Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.45 direct labor-hours. The direct labor rate is $11.5 per direct labor-hour. The production budget calls for producing 3500 units in April and 4000 units in May. If the direct labor work force is fully adjusted to the total direct labor-hours needed each month, what would be the total combined direct labor cost for the two months? Question 3. Jack Lochas forecast production for the next three months as follows: January 3000 units, February 4000 units, March 4500 units. Monthly manufacturing overhead is budgeted to be $20,000 plus 53.5 per unit produced. What would be the total combined budgeted manufacturing overhead for February and March? Question 1. James Company is preparing budgets for the Third quarter of 2019. All relevant information is presented below. A. James Company expects sales as shown below: Budgeted Sales (Units) July 25,000 August 28,000 September 36,000 October 42,000 November 50,000 December 58,000 The sales price is $32 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units