Co Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct abor hours at a rate of $15 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed nanufacturing overhead is $18,000 per month. The company's policy is to end each month with direct materials inventory equal to 0% of the next month's materials requirement. At the end of August the company had 2,780 pounds of direct materials in inventory The company's production budget reports the following Production Budget September October November Units to be produced 5,500 6,800 6,500 (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 September Ripartinn units) 5,500 October 6,800 (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 September October Budgeted production (units) 5,500 6,800 Materials requirements per unit (lbs.) 3 3 Materials needed for production (lbs.) 16,500 20,400 Budgeted ending inventory (lbs.) Total materials requirements (lbs.) 16,500 20,400 Budgeted beginning inventory (lbs.) Materials to be purchased (lbs.) 16,500 20,400 Direct material cost per lb. Total budgeted direct materials $ 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for September and October. (Round "DL hours required per unit" ar 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 Direct labor rate per hour Total budgeted direct labor $ 0 $ 0