MCO Leather Goods manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 pe pound and 0.7 direct labor hours at a rate of $20 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $20,000 per month. The company's policy is to end each monti with direct materials inventory equal to 40% of the next month's materials requirement. At the end of August the company had 2,980 pounds of direct materials in inventory. The company's production budget reports the following. tober 6,500 uc et Septe Units to be produced 5,300 6,600 (1) Prepare direct materials budgets for September and October (2) Prepare direct labor budgets for September and October (3) Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for September and October MCO LEATHER GOODS Direct Materials Budget For the Months of September and October September October 3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Prepare direct materials budgets for September and October. MCO LEATHER GOODS Direct Materials Budget For the Months of September and October September October Budgeted production (units) Materials requirements per unit (lbs.) Materials needed for production (Ibs.) Budgeted ending inventory (lbs.) Total materials requirements (Ibs.) Budgeted beginning inventory (lbs.) Materials to be purchased (Ibs.) Direct material cost per lb. Total budgeted direct materials Saved Help (3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers In the tabs below. Required 1Required 2 Required 3 Prepare direct labor budgets for September and October. .Round D ours.reguired per unit.answ MCO LEATHER GOODS Direct Labor Budget For the Months of September and October September October Budgeted production (units) DL hours required per unit Total direct labor hours needed Direct labor rate per hour Total budgeted direct labor 0 )Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 ..44 44aaaadaa MCO LEATHER GOODS Factory Overhead Budget For the Months of September and October September October Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overheadS0