Required information Ramos Co. provides the following sales forecast and production budget for the next four months April May June July 530 610 560 630 Sales (units) Budgeted production (units) 470 600 570 570 The company plans for finished goods inventory of 150 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 705 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 rate of $23 per direct labor hour and budgets fixed overhead of $8,300 per month. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget for April, May, and June Complete this question by entering your answers in the tabs below. Required Required Prepare a direct labor budget. (Enter your direct labor hours (hrs.) per unit in two decimal 2 places.) RAMOS CO Direct Labor Budget For April, May, and June April May June Budgeted production (units) 470 600 570 units Total labor hours needed Budgeted direct labor cost Required 1 Required 2 >