O Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 540 480 May 620 610 June 570 580 July 640 580 The company plans for finished goods inventory of 160 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 720 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The company budgets variable overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a direct labor budget for April, May, and June. (Enter your direct labor hours (hrs.) per unit in two decimal places.) RAMOS CO overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per month. 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a direct labor budget for April, May, and June. (Enter your direct labor hours (hrs.) per unit in two decimal places.) es RAMOS CO Direct Labor Budget For April, May, and June April May 480 June Budgeted production (units) 610 580 units Total labor hours needed Budgeted direct labor cost Recured Required 2 > . VULUTUS Mwiny overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per month. 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below. Required 1 Required Prepare a factory overhead budget for April, May, and June. RAMOS CO. Factory Overhead Budget For April, May, and Juno April May June Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead