Use the following information for the Exercises below. Ramos Co. provides the following sales forecast and production budget for the next four months. The company plans for finished goods inventory of 270 units at the end of June. In addition, each finished unit requires pounds of direct materials and the company wants to end each month with direct materials inventory equal to 20% of n month's production needs, Beginning direct materials inventory for April was 590 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $14 per hour. The company budgets variable overhead at the rate of $18 per direct labor hour and budgets fixed overhead of $9.500 per month. Exerclse 20-9 Manufacturing: Direct labor and factory overhead budgets LO P1 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below. Prepare a direct labor budget for April, May, and June. (Enter your direct labor hours (hrs.) per unit in two decimal places.) Required Information Use the following information for the Exercises below. Ramos Co. provides the following sales forecast and production budget for the next four months. The company plans for finished goods inventory of 270 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 nex: month's production needs. Beginning direct materials inventory for Apri was 590 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $14 per hout. The company budgets variable overhead at the rate of $18 per direct labor hour and budgets fixed overhead of $9,500 per month. Exercise 20-9 Manufacturing: Direct labor and foctory overhead budgets LO P1 1. Prepare a direct labor budget for Aprit, May, and June. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below. Prepare a factory overhead budget for April, May, and June. Use the following information for the Exercises below. Ramos Co. provides the following sales forecast and production budget for the next four months. The company plans for finished goods inventory of 270 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 590 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $14 per hour. The company budgets variable overhead at the rate of $18 per direct labor hour and budgets fixed overhead of $9,500 per month. Exercise 20-8 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for Aprii, May, and June