Required information Ramos Co. provides the following sales forecast and production budget for the next four months. July Sales units Budgeted production (units) April 690 630 May 770 760 June 720 730 730 The company plans for finished goods inventory of 310 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 20% of next month's production needs. Beginning direct materials inventory for April was 630 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $18 per hour. The company budgets variable overhead at the rate of $22 per direct labor hour and budgets fixed overhead of $9.900 per month. 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. X Answer is not complete. 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 decimal places.) RAMOS CO. Direct Labor Budget For April, May, and June April May June 730 units % 5.00% hours per Budgeted production (units) Materials price per pound Total labor hours needed Beginning inventory (lbs.) Budgeted direct labor cost 5.00% 22% 22X $ 484 $ 760 5.00% 22% 22X $ 484 $ 22X hours 22% per hr. X $ $ 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. x Answer is not complete. Complete this question by entering your answers in the tabs below. 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 Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead