PLEASE HELP ASAP direct labour direct labour and overhead budgets

6 Exercise 20-16 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 2 nts Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 7 pounds of direct materials at a cost of $3 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 $4,300 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 4,480 pounds of direct materials in Inventory. The company's production budget reports the following. eBook Production Budget Units to be produced March 4,000 April 4,600 May 5,600 Hint (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 Print Complete this question by entering your answers in the tabs below. References 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) | 4,000 4,600 Materials requirements per unit (lbs.) 7 Materials needed for production (lbs.) 28 000 32 200 Budgeted ending inventory (lbs.) 12,880 6440 Total materials requirements (lbs) 40,880 38 640 Budgeted beginning inventory (lbs.) 4,480 12.880 Materials to be purchased (lbs.) 36,400 25.760 Direct material cost per lb $ $ 3| Total budgeted direct materials S 109 200 $ 77,280 Regu Required 2 > 6 Exercise 20-16 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 2 mts Omamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 7 pounds of direct materials at a cost of $3 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 $4,300 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 4,480 pounds of direct materials in inventory. The company's production budget reports the following. eBook Production Budget Units to be produced March 4,000 April 4,600 May 5,600 Hint (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. Print Complete this question by entering your answers in the tabs below. eferences Required 1 Required Required 3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" answers to two decimal places.) 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 0 0 Direct labor rate per hour Total budgeted direct labor $ 0 $ 0 6 Exercise 20-16 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 72 oints Ornamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 7 pounds of direct materials at a cost of $3 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 $4,300 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 4,480 pounds of direct materials in inventory. The company's production budget reports the following. eBook Production Budget Units to be produced March 4,000 April 4,600 May 5,600 Hint (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 Prir Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Requires 3 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 S 0 $ Budgeted fixed overhead Total budgeted factory overhead $ 0 $ 0 0