Refer to Exercise 7-8. Prepare (1) a direct labor budget and (2) a factory overhead budget for Exercise 7-9 Manufacturing: Direct labor and factory overhead LA . Materials to be purch Cost per Ib.... ceipt Total cost .... incip Exercise 7-9 RAMOS CO Direct Labor Budget For April, May, and June May April June Budgeted production (units)...... Labor requirements per unit (hours)... Total labor hours needed... Labor rate per hour.... Labor dollars ...... Page 1 Udsn payments. Direct Materials Budget - Ramos Company Particulars April May June Budgeted Production Units 442 570 544 Total 1556 Material needed per unit (In Pound) 5 5 5 5 Material needed for budgeted production (lbs) 2210 2850 2720 7780 Add: Budgeted ending inventory (lbs) (30% of next month material requirements) 855 816 810 810 Total material requirements 3065 3666 3530 8590 Less: Beginning inventory (lbs) 663 855 816 663 Materials to be purchased (lbs) 2402 2811 2714 7927 Cost per lb. $2.00 $2.00 $2.00 $2.00 Total budgeted direct materials cost $4.804.00 $5.622.00 $5.428.00 $15.854.00 Refer to Exercise 7-8. Prepare (1) a direct labor budget and (2) a factory overhead budget for Exercise 7-9 Manufacturing: Direct labor and factory overhead LA . Materials to be purch Cost per Ib.... ceipt Total cost .... incip Exercise 7-9 RAMOS CO Direct Labor Budget For April, May, and June May April June Budgeted production (units)...... Labor requirements per unit (hours)... Total labor hours needed... Labor rate per hour.... Labor dollars ...... Page 1 Udsn payments. Direct Materials Budget - Ramos Company Particulars April May June Budgeted Production Units 442 570 544 Total 1556 Material needed per unit (In Pound) 5 5 5 5 Material needed for budgeted production (lbs) 2210 2850 2720 7780 Add: Budgeted ending inventory (lbs) (30% of next month material requirements) 855 816 810 810 Total material requirements 3065 3666 3530 8590 Less: Beginning inventory (lbs) 663 855 816 663 Materials to be purchased (lbs) 2402 2811 2714 7927 Cost per lb. $2.00 $2.00 $2.00 $2.00 Total budgeted direct materials cost $4.804.00 $5.622.00 $5.428.00 $15.854.00