Required information Ramos Co provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 640 580 May 720 710 June 670 689 July 740 680 The company plans for finished goods Inventory of 260 units at the end of June. In addition, each fintshed 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 580 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.20 hours of direct labor at the rate of $13 per hour. The company budgets variable overhead at the rate of $17 per direct labor hour and budgets fixed overhead of $9.400 per month. Prepare a direct materials budget for April, May, and June. RAMOS CO Direct Materials Budget For April, May, and June April 580 May June 680 units Budget production (units) 710 Materials needed for production (os) Total materiais requirements (bs) 0 0 0 0 Materials to be purchased (lbs Materials price per pound Budgeted cost of direct materials purchases 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.) pe RAMOS CO. Direct Labor Budget For April, May, and June April May 580 June Budgeted production (units) 710 680 units Total labor hours needed Budgeted direct labor cost Required 2 > Required 1 Required 2 Prepare a factory overhead budget for April, May, and June. RAMOS CO. Factory Overhead Budget For April, May, and June April May June Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead