Required Information Ramos Co provides the following sales forecast and production budget for the next four months April 590 Sales (units) Budgeted production (units) Hay 670 660 620 630 Suly 690 630 530 The company plans for finished goods inventory of 210 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 795 pounds, Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The company budgets variable overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,900 per month Prepare a direct materials budget for April May, and June RAMOS CO. Direet Materials Budget For April May, and June April 530 May June 880 030 units Budget production (units) Materials needed for production (lbs) .... ......... pounds of direct materials and the company wants to end each month with direct materials inver month's production needs. Beginning direct materials Inventory for April was 795 pounds. Direct pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The cor overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8.900 per mo Prepare a direct materials budget for April, May, and June. RAMOS CO. Direct Materials Budget For April, May, and June April 530 May June Budget production (units) 660 630 units Materials needed for production (lbs.) Total materials requirements (tbs.) 0 0 0 0 Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases