CH MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hours at a rate of $11 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 30% of the next month's materials requirement. At the end of August the company had 4,380 pounds of direct materials in inventory The company's production budget reports the following Production Budget September October November Units to be produced 5,300 6,500 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 1 Required 2 Required 3 Prepare direct materials budgets for September and October MCO Leather Direct Materials Budget For the Months of September and October 15 TULLUM. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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) 5,300 6,500 Materials requirements per unit 2 2 (lbs) Materials needed for production 10.600 13,000 (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) 10.600 13,000 Budgeted beginning inventory (lbs.) 4,380 Materials to be purchased (lbs) 6.220 13,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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 0 Budgeted fixed overhead Total budgeted factory 0 S 0 overhead CA