Please help solve this problemMCO Leather manufactures leather purses. Each purse requires $4$ pounds of direct materials at a cost of $$12$ per pound and $0\mathrm{.}6$ direct

labor hours at a rate of $$16$ per hour. Variable overhead is budgeted at a rate of $$4$ per direct labor hour. Budgeted fixed overhead is

$$10,500$ per month. The company's policy is to end each month with direct materials inventory equal to $25\%$ of the next month's direct

materials requirement. At the end of August the company had $15,000$ 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.

Navigation:

Use the Open Excel in New Tab button to launch this question.

When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.