Required information Use the following information for the Exercises below. Ramos Co provides the following sales forecast and producton budpet for the next four months. The company plans for finished goods inventory of 260 units at the end of June. In addition, each finkhed unit requires 5 pounds of direct materials and the company wants to end each month with direct materials irventory equal to 20% of next month's production needs. Beginning direct materials inventory for Apai was 580 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.20 hours of direct labor at the rote of $13 per hour The company budgets variable overhead at the rate of $17 per direct labor hour and budgets fuxed overinend of $9,400 per month Exercise 20-9 Manufacturing: Direct lobor and factory overhead budgets LO P1 1. Prepare a direct labor budget for Apru, May, and June. 2. Prepare a factory overhead budget for Apont Mav. and Jine. Exercise 20.9 Manufacturing: Direct labor and factory overhead budgets LO P1 1. Prepare a direct labor budget for Aprit, May, and June. 2. Prepare a factory ovethead budget for Apri. May, and June: Complete this question by entering your onswers in the tabs below. Prepare a direct Labor budget for Apnt, May, and June. (Enter your dirnct tabor hours (hirs.) per unit in two decimal places.) The company plans for finished goods imventory of 260 units at the end of June. In addition, each finished unit requires 5 pounds of direct materals and the company wants to end each month with direct materials inventory equal to 20% of next month's production needs. Beginning direct matenals inventory for Aprit was 580 pounds. Direct materials cost $2 per pound Each finished unit requires 020 hours of direct labor at the rate of $13 per hour. The company budgets variable overtiead at the rate of $17 per direct labor hour and budgets fixed overhead of $9,400 per month. Exercise 20.9 Manufacturing: Direct labor and factory overhead budgets LO P1 1. Prepare a direct labor budget for Aprt, May, and Jane 2. Prepare a tactory overhead budget for Aprit, May, and June. Complete this question by Bhtering your answers in the tabs below. Prepare a tactory overhead budget for Mpril, May, and June