Exercise 20-14 (Algo) Manufacturing: Direct labor and factory overhead budgets LO P1 Ramos Company provides the following (partial) production budget for the next three months. Each finished unit requires 0.5 hour of direct labor at the rate of $16 per hour. The company budgets variable overhead at the rate of $20 per direct labor hour and budgets fixed overhead of $9,700 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 ariswers in the tabs below. Prepare a direct labor budget for April, May, and June, (Enter your direct labor hours (hours) per unit in two decimal places.) Exercise 20-14 (Algo) Manufacturing: Direct labor and factory overhead budgets LO P1 Ramos Company provides the following (partial) production budget for the next three months. Each finished unit requires 0.5 hour of direct labor at the rate of $16 per hour. The company budgets variable overhead at the rate of $20 per direct labor hour and budgets fixed overhead of $9,700 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. Prepare a factory overhead budget for April, May, and June