Mig pound and 0.4 direct labor hours at a rate of $16 per hour Variable m hour. Fixed overhead is $4,300 per month. T The company's policy is to of the next month's materials requirement. At the end of F Units to be (2) Prepare direct labor budgets for March and April. t Materials Budget of direct materials at a cost of $4 at a rate of $3 per direct la 300 per month. The company's policy is to maintain direct materials inventory equal to materials requirement. At the end of February the company had 4,780 pounds of direct materials in inventory is charged hour. Fixed Units to be 5,100 (2) Prepare direct labor budgets for March and April. Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $4 per pound and 0.4 direct labor hours at a rate of $16 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour Fixed manufacturing overhead is $4.300 per month he company's policy is to maintain direct materials inventory equal to 20% of the next month's materials requirement At the end of February the company had 4.780 pounds of direct materials in inventory. The company's pr budget reports the following Units to be produced (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April Complete this question by entering your answers in the tabs below. red 3 Prepare factory overhead budgets for March and April. ORNAMENTAL SCULPTURES MFG. Factory Overhead Budget March Apri VOH rate per DL hour