Chapter 20 Homework a Saved Help N O Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Part 2 of 2 April 600 540 Sales (units) Budgeted production (units) ( May 6B0 670 June 630 640 July 700 640 7.14 points eBook The company plans for finished goods inventory of 220 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 540 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.60 hours of direct labor at the rate of $12 per hour. The company budgets variable overhead at the rate of $16 per direct labor hour and budgets fixed overhead of $9,000 per month. Hint 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare a direct labor budget for April, May, and June. (Enter your direct labor hours (hrs.) per unit in two decimal places.) , ) RAMOS CO. Direct Labor Budget For April, May, and June April May 540 June Budgeted production (units) 670 640 units Total labor hours needed Budgeted direct labor cost Required: Required 2 > Mc Graw Hill Part 2 of 2 Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 600 540 May 680 670 June 630 640 July 700 640 7.14 points . eBook The company plans for finished goods inventory of 220 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 540 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.60 hours of direct labor at the rate of $12 per hour. The company budgets variable overhead at the rate of $16 per direct labor hour and budgets fixed overhead of $9,000 per month. det Hint 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April , May, and June. Print Complete this question by entering your answers in the tabs below. References Required Required 2 Prepare a factory overhead budget for April, May, and June. , . RAMOS CO. Factory Overhead Budget For April, May, and June April May June Total labor hours needed Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead