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MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $5 per pound and 07 direct labor hour at a rate of $10 per hout Variable overhead is budgeted at a rate of $3 per direct labor hour. Budgeted fixed overhead is $17.000 per month. The company's policy is to end each month with direct materials inventory equal to 30% of the next month's direct materials requirement. At the end of August the company had 2700 pounds of direct materials in Inventory. The company's production budget reports the following. Production Bodont September October November Units to produce 4,500 6,900 6,100 (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October (3) Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below. Required 1 Requued 2 Required Prepare direct materials budgets for September and October MCO Leather Direct Materials Budget September 4.500 Units to produce Materials required per unit (pounds) United October 6.900 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for September and October MCO Leather Direct Materials Budget September 4,500 2 October 6.900 2 13,800 9,000 9.000 13,800 Units to produce Materials required por unit (pounds) Matonals needed for production (pounds) Add Desired ending materials inventory Total materials required (pounds) Less Beginning materials inventory Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases 13,800 $ $ 9000 50 $ 45,000 $ 69,000 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct labor budgets for September and October. (Round "DL hours required per unit" answers to one decimal place.) MCO Leather Direct Labor Budget September October Units to produce Direct labor hours needed 0 0 Cost of direct labor s 0 $ 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare factory overhead budgets for September and October MCO Leather Factory Overhead Budget September October Direct labor hours needed Budgeted variable overhead $ 0 S 0 $ Budgeted total factory overhead 0 0 $