MCO Leather Goods manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hours at a rate of $19 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $20,000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's materials requirement. At the end of August the company had 3,380 pounds of direct materials in inventory. The company's production budget reports the following. November Production Budget Units to be produced September 4,800 October 6,400 6,100 (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 Budgeted production (units) 4,800 6,400 Materials requirements per unit (lbs.) 3 Materials needed for production (lbs.) 14,400 19,200 Budgeted ending inventory (lbs.) 4,320 5,760 Total materials requirements (lbs.) 18,720 24,960 Budgeted beginning inventory (lbs.) Materials to be purchased (lbs.) 18,720 24,960 Direct material cost per lb. Total budgeted direct materials $ 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for September and October. (Round "DL hours required per unit" answers to one decimal place.) 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 0 0 Direct labor rate per hour Total budgeted direct labor $ 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare factory overhead budgets for September and October. MCO LEATHER GOODS Factory Overhead Budget For the Months of September and October September October Total direct labor hours needed 0 0 VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead $ 0 $ 0