MCO Leather manufoctures leather purses. Each purse recuires 2 pounds of direct inaterials at a cost of $3 pet pound ind 07 diroct Inbor hour at a rate of $16 per hour Variable ovemesd is budgeted at a rate of $3 per direct labor hour Bodgefed fixed overtiead es 51,000 per month. The company's policy is to end each monith with direct matenals irtwentory equal to Jogs of the next month's direct. materials requirement At the end or Aagut the company had 2.520 pounds of direct materials in inventory. The conpany's production budget reports the following (9) Piepare direct materiats budgers for September and October (2) Prepare direct labor budgets for September and October (3) Prepare factory overnead budgets for September and Octobet Complete this question by entering your answers in the tabs below. Prpare direct materiaks budgets for Segtember and October (3) Prepare factory oveithead budgets for September and October Complete this question by entering your answers in the tabs below. Prepare direct labor budgets for September and October. (Round "DL hours required per unit" answers to one decimal place) Complete this quention by entering your answers in the tabs below. Prepare factory overhead budgets for September and October