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MCO 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 $17 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted foced overtiead is $16,000 per month. The company's policy is to end each month with direct moterials inventory equal to 30 of 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 compony's production budget reports the following (1) Prepare direct materiais 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. Complete this question by entering your answers in the tabs below. Prepare direct labor budgets for September and October. (Round "DL hours requi Complete this question by entering your answers in the tabs below. Prepare factory overhead budgets for September and October