MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hour at a rate of $19 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $17,000 per month. The company's policy is to end each month with direct materials Inventory equal to 40% of the next month's direct materials requirement. At the end of August the company had 3,440 pounds of direct materials in inventory. The company's production budget reports the following. Production Budget September Units to produce 4,300 October 7,200 November 6,400 (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. Units to produce MCO Leather Direct Materials Budget September October Materials required per unit (pounds) Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) 0 0 0 Complete Required 1 Required 2 Required 3 Prepare direct materials budgets for September and October. MCO Leather Direct Materials Budget Units to produce Materials required per unit (pounds) Materials needed for production (pounds) Total materials required (pounds) September October 0 0 Materials to purchase (pounds) 0 0 Cost of direct materials purchases $ 0 $ 0 Production Budget Units to produce September October 4,300 7,200 November 6,400 (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 labor budgets for September and October. (Round "DL hours required per unit" answe MCO Leather Direct Labor Budget Units to produce Direct labor cost per hour Direct labor hours needed Materials price per pound Cost of direct labor September October 0 0 $ 0 $ 0 < Required 1 Required 3 > Production Budget September October 4,300 7,200 Units to produce November 6,400 (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 factory overhead budgets for September and October. Direct labor hours needed Budgeted variable overhead MCO Leather Factory Overhead Budget September October Budgeted total factory overhead $ 0 $ 0 $ 0 $ 0 < Required 2 Required 3 >