D Question 1 5 pts What is the cost of direct labor in January? D Question 2 5 pts What is the cash paid for factory overhead in January? D Question 3 5 pts What is the cost of direct labor for February?D Question 4 5 pts What is the amount of cash paid for factory overhead in February?Ikon Equipment produces exercise equipment. The following schedule reveals anticipatedl monthly production of bicycles for the first three months of the year: January 11, 000 February 14, 000 March 12, 500 Ikon budgets for three direct labor hours per bicycle, at an average cost of $16. 50 per hour. Variable factory overhead is applied at the rate of $10. 25 per direct labor hour. Fixed overhead is expected to run $110, 000 per month, which includes $10, 000 per month of noncash expenses related to depreciation. Determine the total expected monthly cash outflow for labor and overhead. r\\ Estimated monthly cash outflows for direct labor and factory overhead: January February March Estimated bicycles produced 11, 000 14, 000 12, 500 Direct labor hours per bicycle 3 3 X 3