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MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materlals at a cost of $ 4 per pound and 0 . 7

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materlals at a cost of $4 per pound and 0.7 direct
labor hour at a rate of $16 per hour. Varlable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is
$19,000 per month. The company's policy is to end each month with direct materlals inventory equal to 30% of the next month's direct
materials requirement. At the end of August the company had 2,640 pounds of direct materials in Inventory. The company's production
budget reports the following.
(1) Prepare direct materlals 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 3
Prepare direct materials budgets for September and October.
Prepare direct labor budgets for September and October. (Round "DL hours required per unit" answers to one decimal place.)
Required 2
Required 3
Prepare factory overhead budgets for September and October.
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