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Please show calculations to support work. Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Part 1

Please show calculations to support work.

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Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Part 1 of 2 0.83 points April May Sales (units) 560 640 Budgeted production (units) 500 630 June July 590 660 600 600 eBook Hint The company plans for finished goods inventory of 180 units at the end of June. In addition, each finished unit requires 6 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 25% of next month's production needs. Beginning direct materials inventory for April was 750 pounds. Direct materials cost $3 per pound. Each finished unit requires 0.20 hours of direct labor at the rate of $22 per hour. The company budgets variable overhead at the rate of $26 per direct labor hour and budgets fixed overhead of $8,600 per month. Print References Prepare a direct materials budget for April, May, and June. RAMOS CO. Direct Materials Budget For April, May, and June April May June Budget production (units) 500 630 600 units Materials needed for production (lbs.) Total materials requirements (lbs.) 0 0 Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a direct labor budget for April, May, and June. (Enter your direct labor hours (hrs.) per unit in two decimal places.) RAMOS CO. Direct Labor Budget For April, May, and June April May June 600 units Budgeted production (units) 500 630 Total labor hours needed Budgeted direct labor cost Required 1 Required 2 > Required 1 Required 2 Prepare a factory overhead budget for April, May, and June. RAMOS CO. Factory Overhead Budget For April, May, and June April May June Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead

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