For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 13 Required: (1) Prepare direct materials budgets for September and October. (Use cells A2 to H11 from the given information to complete this question.) MCO Leather Direct Materials Budget September October Units to produce Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Budgeted direct materials purchases \begin{tabular}{|l|l|} \hline 31 & (2) Prepare direct labor budgets for September and October. \\ \hline 32 & \\ \hline 33 & (Use cells A2 to H11 from the given information to complete this question.) \\ \hline 34 & \\ \hline 35 & MCO Leather \\ \hline 36 & \multicolumn{1}{|c|}{ Direct Labor Budget } \\ \hline 37 & \\ \hline 38 & Units to produce \\ \hline 39 & Direct labor hours required per unit \\ \hline 40 & Direct labor hours needed \\ \hline 41 & \\ \hline 42 & Budgeted direct labor cost \\ \hline \end{tabular} (3) Prepare factory overhead budgets for September and October. (Use cells A2 to H11 from the given information to complete this question.) MCO Leather Factory Overhead Budget September October Direct labor hours needed Budgeted variable overhead Budgeted fixed overhead Budgeted total factory overhead