Ramos Co. provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 650 590 May 730 720 June 688 690 July 750 690 The company plans for finished goods inventory of 270 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 590 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $14 per hour. The company budgets variable overhead at the rate of $18 per direct labor hour and budgets fixed overhead of $9,500 per month Prepare a direct materials budget for April, May, and June. RAMOS CO. Direct Materials Budget co BE Prepare a direct materials budget for April, May, and June. RAMOS CO. Direct Materials Budget For April, May, and June April 590 May June 690 units Budget production (units) 720 Materials needed for production (lbs.) Total materials requirements (lbs.) 0 0 0 0 Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases requires 5 pounds of direct materials and the company wants to end each month with direct materials in equal to 20% of next month's production needs. Beginning direct materials inventory for April was 590 po Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $1 The company budgets variable overhead at the rate of $18 per direct labor hour and budgets fixed overh $9,500 per month 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 RAMOS CO. Direct Labor Budget For April, May, and June Anpil