Exercise 22-5 Manufacturing: Direct labor budget LO P1 The production budget for Manner Company shows units to be produced as follows: July, 540; August, 600; and September, 460. Each unit produced requires three hours of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in September. Prepare a direct labor budget for the months July, August, and September. MANNER COMPANY Direct Labor Budget For July, August, and September July August September 460 units Budgeted production (units) 540 600 Total labor hours needed Budgeted direct labor cost Exercise 22-6 Manufacturing: Direct materials budget LO P1 Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 275,000 units in the second quarter and 61,500 units in the third quarter. Raw material inventory is 55,000 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.40 pounds of raw material, priced at $184 per pound. The company plans to end each quarter with an ending inventory of materials equal to 50% of next quarter's budgeted materials requirements. Prepare a direct materials budget for the second quarter. (Enter "per unit" answers in two decimal places.) RIDA INC. Direct Materials Budget Second Quarter Units to be produced 275,000 units Materials needed for production (pounds) Total materials requirements (pounds) Materials to be purchased (pounds) Budgeted cost of direct materials purchases