Please complete the materials and overhead portions of the problem. MATERIALS: each unit requires 5 pounds of material. The material costs $0.50 per pound. There is a requirement that there should be an inventory equal to 15% of the next months needs. REMEMBER this is pounds of material and not units to be produced. ANSWER: 1. How many pounds of material will be needed in July August and September. 2. What is the cost of the materials in each month for 1 above. 3. The company pays 50% of the cost in the month the material is purchased and the balance in the next month. What are the budgeted cash disbursements for materials in July August and September. Overhead is budgeted to be $5 per labor hour. 1. What is the budgeted amount of overhead for July, August and September? $0.75 of the overhead is for depreciation. 2. What are the cash disbursements budgeted for overhead for July, August and September? Good Luck! You can see the material that I put up at Brightspace re these issues there is a full problem there; see the book and always Google the material and see what is available online. Please complete the materials and overhead portions of the problem. MATERIALS: each unit requires 5 pounds of material. The material costs $0.50 per pound. There is a requirement that there should be an inventory equal to 15% of the next months needs. REMEMBER this is pounds of material and not units to be produced. ANSWER: 1. How many pounds of material will be needed in July August and September. 2. What is the cost of the materials in each month for 1 above. 3. The company pays 50% of the cost in the month the material is purchased and the balance in the next month. What are the budgeted cash disbursements for materials in July August and September. Overhead is budgeted to be $5 per labor hour. 1. What is the budgeted amount of overhead for July, August and September? $0.75 of the overhead is for depreciation. 2. What are the cash disbursements budgeted for overhead for July, August and September? Good Luck! You can see the material that I put up at Brightspace re these issues there is a full problem there; see the book and always Google the material and see what is available online