Production and Direct Labor Cost Budgets Two-Leg Company manufactures slacks and jeans under a variety of brand names, such as Dockers and 501 Jeans Slacks and jeans are assembled by a variety of different sewing operations. Assume that the sales budget for Dockers and 501 Jeans shows estimated sales of 33,960 and 71,500 pairs, respectively, for May. The finished goods inventory is assumed as follows: Dockers 501 Jeans May 1 estimated Inventory 1,520 2,020 May 31 desired Inventory 560 2.520 Assume the following direct labor data per 10 pairs of Dockers and S01 Jeans for four different sewing operations Direct Labor per 10 Pairs Dockers 501 Jeans Inseam 23 minutes 16 minutes Outersem 27 19 Pockets 9 13 8 Zipper Total 72 minutes 54 minutes a. Prepare a production budget for May, Prepare the budget in two columna: Dockers and 501 sochis, For those boxes in which you must enter subtracted or negative numbers use minus sign Two-Leg Company Production Budget For Month Ending May 31 (assumed data) For Month Ending May 31 (assumed data) Dockers 501 Jeans Expected units to be sold 33.960 71.500 May 31 desired inventory 560 2.520 34,520 74,020 Total units available May 1 estimated Inventory -1.520 -2,020 Total units to be produced 33.000 72.000 b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $13 wage per hour for the inseam and outersem sewing operations and a 519 wage per hour for the pocket and zipper sewing operations. Prepare the direct labor cost budget in four columna: inseam, outersem, pockets, and zipper Two-Leg Company Direct Labor Cost Budget For Month Ending May 31 (assumed data) Inseam Outersem Pockets Zipper Total Dockers 501 Jeans Total minutes Total direct labor hours Direct labor rate Total direct labor cost