Production and Direct Labor Cost Budgets TWO-Leg Company manufactures stocks 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 62,550 pairs, respectively, for May. The finished goods Inventory is assumed as follows: Dockers 501 Jeans May 1 estimated Inventory 1,520 1,760 May 31 desired inventory 560 2,210 Assume the following direct labor diata per 10 pairs of Dockers and 501 Jeans for four different sewing operations: Direct Labor per 10 Pairs Dockers 501 Jeans Inseam 19 minutes 13 minutes 16 Outeream 23 Pockets 7 9 Zipper 11 7 Total 60 minutes 45 minutes a. Prepare a production budget for May. Prepare the budget in two columns Dockers and 501 Jeans. For those boxes in which you must enter subtracted or negative numbers use a minus sign Two-Leg Company Production Budget For Month Ending May 31 (assumed data) Dockers 501 Jeans Expected units to be sold Total units available Total units to be produced b. Prepare the May direct labor cost budget for the four sewing operations, assuming a $13 wage per hour for the inseam and outersea sewing operations and a $15 wage per hour for the pocket and zipper sewing operations. Prepare the direct labor cost budget in four columna: inseam, outersean, pockets, and zipper, Two-Leg Company Direct Labor Cost Budget For Month Ending May 31 (assumed data) Inseam Outerscam Pockets Zipper Total Dockers 501 Jeans Total minutes Total direct labor hours Direct labor rate Total direct labor cost D