Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $2 per pound and 0.4 direct labor hours at a rate of $14 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $4,600 per month. The 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 5,880 pounds of direct materials in inventory. The company's production budget reports the following Production Budget Units to be produced March April 3,500 May 5,600 5,50e (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 Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April ORNAMENTAL SCULPTURES MFG. Direct Materials Budget For the Months of March and April March April Budgeted production (units) Materials requirements per unit (Ibs.) Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Budgeted beginning inventory ( Materials to be purchased (lbs.) Direct material cost per lb Total budgeted direct material:s 3,500 5,500 28,000 44,000 44,000 28,000 28,00044,000 Required 1Required 2 E Required3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answer ORNAMENTAL SCULPTURES MFG Direct Labor Budget For the Months of March and April March April Budgeted production (units) DL hours required per unit Total direct labor hours needed Direct labor rate per hour Total budgeted direct labor $00 Required 1 Required 2 Required3 Prepare factory overhead budgets for March and April ORNAMENTAL SCULPTURES MFG. Factory Overhead Budget For the Months of March and April March April Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overheadO