Zira Co. reports the following production budget for the next four months. April 664 June July Production units) May 705 697 671 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 1062 pounds. Assume direct materials cost $3 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) June ances 4 ZIRA CO Direct Material Budget For April, May, and June April May Budgeted production (units) 664 705 Materials requirements per unit Materials needed for production (lbs) 2,650 2,820 Budgeted ending Inventory (ibs) Total materials requirements (os.) Beginning inventory (lbs) 1.062 Materials to be purchased (los) Cost perto 5 3s Total budgeted direct materials cost 697 units 4 lbs 2,788 5 Sport B Addison Co, budgets production of 2,420 units during the second quarter. Other information is as follows: Direct Tabor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours, at a cost of $8 per hour. Applied at the rate of $10 per direct labor hour. Budgeted at $470,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print Prepare a direct labor budget. References ADDISON CO. Direct Labor Budget Second Quarter Units to be produced 2.420 units Total labor hours needed Budgeted direct labor con