val MILICI W mework Saved Omamental Sculptures Mfg. manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a cost of $3 per pound and 0.4 direct labor hours at a rate of $11 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $3,700 per month. The company's policy is to maintain direct materials Inventory equal to 20% of the next month's materials requirement. At the end of February the company had 4,380 pounds of direct materials in Inventory. The company's production budget reports the following. Production Budget Units to be produced March 3,400 Apr 4,700 May 5,600 (0) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare direct materials budgets for March and April. April 4,700 8 ORNAMENTAL SCULPTURES MFG. Direct Materials Budget For the Months of March and April March Budgeted production (unns) 3,400 Materials requirements per unit (lbs.) 8 Materials needed for production (lbs.) 27.200 Budgeted ending inventory (bs.) Total materials requirements (lbs) 27,200 Budgeted beginning inventory (lbs) 4.680 Materials to be purchased (lbs) 22,820 Direct material cost perib Total budgeted direct matenals 37,600 37,600 37,600 5 0 Required 2 Prev 76 25 Next > a (16 Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Prepare direct labor budgets for March and April. (Round "DL hours required per unit" ansv ORNAMENTAL SCULPTURES MEG. Direct Labor Budget For the Months of March and April March April Budgeted production (units) DL hours required per unit Total direct labor hours needed 10 0 Direct labor rate per hour Total budgeted direct labor 0 (1) Prepare direct materials budgets for March and April. (2) Prepare direct labor budgets for March and April. (3) Prepare factory overhead budgets for March and April. ek Complete this question by entering your answers in the tabs belo Required 1 Required 2 Required 3 . Prepare factory overhead budgets for March and April. April ORNAMENTAL SCULPTURES MEG. Factory Overhead Budget For the Months of March and April March Total direct labor hours needed VOH rate per DL hour Budgeted variable overhead 0 Budgeted fized overhead Total budgeted factory overhead 0 0 0 Required