Homework Production Budgets 1. Pammie's Pies Month Sales in Units 29,000 June July 37,000 Aug 31,000 Sept. 32.000 Oct 29,000 The cost of the ingredients per ounce is $.30 Each cake requires 15 ounces of material The labor cost per hour is $18 Each cake requires 1 hour of labor. The manufacturing overhead cost is allocated based on direct labor hours. The predetermined overhead rate is 512 per hour Ending inventory of 30% of the succeeding month's sales is required Required: For the month of August; The direct materials budget :The direct labor budget The manufacturing overhead budget :The total production cost budget