Ch 20 Homework Seved 3 Ramos Co. provides the following sales forecast and production budget for the next four months Sales (units) Budgeted production (units) Part 2 of 2 5 points ellook Hint Print References April Kay June July 610 690 640 710 550 600 650 650 The company plans for finished goods inventory of 230 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 825 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.20 hours of direct labor at the rate of $10 per hour. The company budgets variable overhead at the rate of $14 per direct labor hour and budgets fixed overhead of $9,100 per month. 1. Prepare a direct labor budget for April, May, and June. 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 for April, May, and June. (Enter your direct labor hours (hrs) per unit in two decimal places.) RAMOS CO. Direct Labor Budgeti For April, May, and June Budgeted production (units) April May June 550 680 650 units < Prev 8m of 16 Next > Help Save & Exit Check my