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Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 7 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor hours at a rate of $19 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct lobor hour. Fixed manufacturing overhead is $4,500 per month. The company's policy is to maintain direct materials inventory equal to 30% of the next month's materials requirement. At the end of February the company had 6,080 pounds of direct materials in Inventory. The company's production budget reports the following Production Budget March April May Units to be produced 3,800 4,900 5,300 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April, (3) Prepare factory overhead budgets for March and April Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April ORNAMENTAL SCULPTURES MFG Direct Materials Budget For the Months of March and April March April Budgeted production (units) 3,800 4.900 Materials requirements per unit (lbs) 7 Materials needed for production (lbs) 26,600 34300 Budgeted ending inventory (lbs) 10,290 11.130 Total material requirements (lbs.) 36,800 45,430 Budgeted beginning inventory (lbs) 6,080 10,290 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. April 4,900 7 es ORNAMENTAL SCULPTURES MFG. Direct Materials Budget For the Months of March and April March Budgeted production (units) 3,800 Materials requirements per unit (lbs.) 7 Materials needed for production (lbs) 26,600 Budgeted ending inventory (lbs.) 10,290 Total materials requirements (lbs.) 36,890 Budgeted beginning inventory (lbs.) 6,080 Materials to be purchased (lbs.) 30,810 Direct material cost per lb. Total budgeted direct materials $ 0 34,300 11,130 45,430 10,290 35,140 $ 0 Required 2 >