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MCO Leather manulactures leather purses. Each purse requires 2 pounds of direct materials at a cost of \$ $ per pound and 0.8 direct labor hours at a rate of \$16 per hour. (3) Prepare factory overhead budgets for September and October. Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. (2) Prepare direct labor budgets for September and October. 3 l) Prepare direct materials budgets for September and October. 18 19 20 tudents: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your 21 othing in this area will be graded, but it will be submitted with your assignment. MCO Leather manulactures leather purses. Each purse requires 2 pounds of direct materials at a cost of \$ $ per pound and 0.8 direct labor hours at a rate of \$16 per hour. (3) Prepare factory overhead budgets for September and October. Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. (2) Prepare direct labor budgets for September and October. 3 l) Prepare direct materials budgets for September and October. 18 19 20 tudents: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your 21 othing in this area will be graded, but it will be submitted with your assignment