MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $3 per pound and 07 direct labor hours at a rate of S11 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $12,000 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 4,280 pounds of direct materials in inventory. The company's production budget reports the following Production Budget Units to be produced September 4,800 October 6.900 November 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 Direct Materials Budget For the Months of September and October September October Budgeted production (unit) Materials requirements per unit (lbs) Materials needed for production (lbs) 0 Budgeted ending inventory (hu) Total materials requirements) 0 Budgeted beginning inventory b) Materials to be purchased bs) 0 Direct material cost per lb Total budgeted direct materials S 05 0 e Red Required 2 > MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $3 per pound and 07 direct labor hours at a rate of $11 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $12,000 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 4,280 pounds of direct materials in inventory. The company's production budget reports the following Production Budget Units to be produced September 4,800 October 6,900 November 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 Prepare direct labor budget for September and October Reid hoursreguired per unit answers toon decimal place MCO Leather Direct Labor Budget For the Months of September and October September October Budgeted production) DL hours required per unit Total direct laborou need Direct laborate per hour Total budgeted direct labor SOS . MCO Leather 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 $11 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $12,000 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 4,280 pounds of direct materials in inventory The company's production budget reports the following Production Budget September October November Units to be produced 4,800 6.900 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 factory overhead budgets for September and October MCO Leather 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 0 Budgeted forced overhead Total budgeted factory overhead $ OS 0