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PLEASE ANSWER ALL 3 PARTS IN THE EXACT TABLE FORMAT! CO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a

PLEASE ANSWER ALL 3 PARTS IN THE EXACT TABLE FORMAT! CO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per
pound and 0.7 direct labor hour at a rate of $18 per hour. Variable overhead is budgeted at a rate of $3 per direct
labor hour. Budgeted fixed overhead is $16,000 per month. The company's policy is to end each month with direct
materials inventory equal to 30% of the next month's direct materials requirement. At the end of August the
company had 2,820 pounds of direct materials in inventory. The company's production budget reports the
following.
(1) Prepare direct materials budgets for September and October.
(2) Prepare direct labor budgets for September and October.
(3) Prepare factory overhead budgets for September and October.
Complete this question by entering your answers in the tabs below.
Prepare direct materials budgets for September and October.
Prepare direct labor budgets for September and October.
Note: Round "DL hours required per unit" answers to one decimal place.
Required 1
Required 2
Required 3
Prepare factory overhead budgets for September and October.
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