MCO Leather manufoctures leather purses. Each purse requires 2 pounds of direct materials at a cost of $5 per pound and 07 direct labor hour at a rate of $14 per hour. varlable overheod is budgeted at a rate of $3 per direct labor hout. Bodgeted fixed ovethead is $13,000 per manth. The company's policy is to end each month with direct materlals inventory equal to foss of the next month's direct materials requirement. At the end of August the compary had 3.440 pounds of direct materials in inventory. The compary's production budgetreports the following () Prepare direct materials budgets for September and Octobec (2) Prepore direct labor budgets for September and Octobet (3) Prepare factary owerhead budgets for September and October. Complete this question by entering your answers in the tabs below. Prepare direct materias budgets for september and october. Complete this question by entering your answers in the tabs below. Required 1 Prepare directived 1 budgets for September and October. Note: Round "DL hours required per unit" answers to one decimal place. Prepare factory overhead budgets for September and October