Required information Ramos Co. provides the following sales forecast and production budget for the next four months: Sales (units) Budgeted production (units) April May June July 500 580 530 600 4421 570 544 5401 The company plans for finished goods inventory of 120 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 663 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $16 per hour. The company budgets variable overhead at the rate of $20 per direct labor hour and budgets fixed overhead of $8,000 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 RAMOS CO. Direct Labor Budget For April, May, and June Budgeted production (units) April May June 442 570 544 units Total labor hours needed Budgeted direct labor cost Required Required 2 > Budgeted production (units) RAMOS CO. Direct Labor Budget For April, May, and June April May June 442 570 54 Tat Nabar hauranded Budgeted units sales for month Direct labor hours per unit (hrs.) Direct labor rate (per hour) Materials price per pound Materials to be purchased April May June Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead RAMOS CO. Factory Overhead Budget For April, May, and June < Required 1 Required 2 Total labor hours needed D.. staduariahla varhand RAMOS CO. Factory Overhead Budget For April, May, and June April May June Fixed factory overhead rate per direct labor hr. Variable factory overhead rate per direct labor hr. Required 2 >