MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $5 per pound and 0.7 dire 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 $13,000 per month. The company's policy is to end each month with direct materials Inventory equal to 30% of the next month's di materials requirement. At the end of August the company had 4,080 pounds of direct materials in Inventory. The company's produ budget reports the following. Production Budget September October November Units to produce 4,600 6,500 6,300 (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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 October 6,500 3 Prepare direct materials budgets for September and October. MCO Leather Direct Materials Budget September Units to produce 4,600 Materials required per unit (pounds) 3 Materials needed for production (pounds) 13.800 Add: Desired ending materials inventory (pounds) 3,900 Total materials required (pounds) 17,700 Less: Beginning materials inventory (pounds) 4,080 Materials to purchase (pounds) 13,620 Materials cost per pound S Cost of direct materials purchases S 68,100 19,500 3,780 23,280 3,900 X 19,380 5 $ 5 $ 96,900 Required 1 Required 2 > 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 Direct Labor Budget September Units to produce 4,600 Direct labor hours required per unit 0.7 Direct labor hours needed 3.220 Direct labor cost per hour S 16 Cost of direct labor S 51,520 October 6,500 0.7 4,550 S 16 $ 72,800 Answer is not complete. 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 September October Direct labor hours needed Variable overhead rate per direct labor hour Budgeted variable overhead S Budgeted fixed overhead Budgeted total factory overhead S 0 S 0 0 S 0