GOTO PE EX 22-14 Production and direct labor cost budgets Obj. 4 Levi Strauss & Ca manufactures slacks and jeans under a variety of brand names, such as Dockers and 501 Jeans. Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 23,600 and 53,100 pairs, respectively, for May. The finished goods inventory is assumed as follows: Ro Wor May estimated inventory May 31 desired inventory Dockers 670 20 501 Jeans 1660 1860 Assume the following direct labor data per 10 pairs of Dockers and 501 Jeana for four different sewing operations Go to pe 1103 Assume the following direct labor data per 10 pairs of Dockers and 501 Jeans for four different swing operations: Inseam Outeream Pockets Zipper Total Direct Laber per 10 Pales Dockers 501 Jan 18 minutes 9 minutes 20 14 6 9 12 6 56 minutes 38 minutes 2. Prepare a production budget for May. Prepare the budget in two columns Dockers and 501 am b. Prepare the May direct labor cost budget for the four sewing operations, assuming a513 wapper hour for the inseam and outerseam sewing operations and a 515 wage per hour for the pocket and lopet sewing operations. Prepare the directlabor cost budget in four columna: inseam outersem pocit and ripper