Required information Ramos Co provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 700 540 May 780 778 June 730 740 July see 740 The company plans for finished goods inventory of 320 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 30% of next month's production needs. Beginning direct materials inventory for April was 960 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.40 hours of direct labor at the rate of $19 per hour. The company budgets variable overhead at the tale of $23 per direct labor hour and budgets fixed overhead of $10,000 per month Prepare a direct materials budget for April May. and June RAMOS CO Direct Materials Budget For April May, and June April 640 May June Budget production (units) 770 740 urts Materials needed for production (lbs) stare romantic The company plans for finished goods inventory of 320 units at the end of June. In addition, ea pounds of direct materials and the company wants to end each month with direct materials inv month's production needs. Beginning direct materials inventory for April was 960 pounds. Dire pound. Each finished unit requires 0.40 hours of direct labor at the rate of $19 per hour. The com overhead at the rate of $23 per direct labor hour and budgets fixed overhead of $10,000 per m Prepare a direct materials budget for April, May, and June. RAMOS CO. Direct Materials Budget For April, May, and June April May June Budget production (units) 640 770 740 units Materials needed for production (lbs) Total maten als requirements (lbs) 0 0 Materials to be purchased (lbs) Materials price per pound Budgeted cost of direct materials purchases 10 pound. Each finished unit requires 0.40 hours of direct labor at the rate of $19 per hour. Ti overhead at the tale of $23 per direct labor hour and budgets fixed overhead of $10,000 Part 2 of 2 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. points BOOK Required 1 Required 2 Prepare a direct labor budget for April, May, and Dune. (Enter your direct labor hours (hrs.) per unit RAMOS CO. Direct Labor Budget For April, May, and June April May 840 June Budgeted production (units) 770 740 units Total labor hours needed Budgeted direct labor cost Required Required 2 > 10 pound. Each finished unit requires 0.40 hours of direct labor at the rate of $19 per hour. The overhead at the rate of $23 per direct labor hour and budgets fixed overhead of $10,000 per Part 2 of 2 1. Prepare a direct labor budget for April May, and June. 2. Prepare a factory overhead budget for April May, and June. 2 points Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Prepare a factory overhead budget for April, May, and Dune. RAMOS CO. Factory Overhead Budget For April May, and June April May June otal labor hours needed Budgeted vanable overhead Budgeted fored overhead Total budgeted factory overhead Required 1 Required 2
