Question: help with budgets. please fill in all boxes. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of

help with budgets. please fill in all boxes.

purses. Each purse requires 2 pounds of direct materials at a cost

of $3 per pound and 07 direct labor hour at a rate

of $11 per hour. Variable overhead is budgeted at a rate of

MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 07 direct labor hour at a rate of $11 per hour. Variable overhead is budgeted at a rate of $3 per direct labor hour . Budgeted fixed overhead is $13,000 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 2,640 pounds of direct materials in inventory. The company's production budget reports the following Production Budget September October November units to produce 4,400 6,400 6,300 (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 Required 1 Required 2 Required 3 Prepare direct materials budgets for September and October. MCO Leather Direct Materials Budget September October Units to produce Materials needed for production (pounds) Total materials required (pounds) 0 0 Materials to purchase (pounds) 0 0 Cost of direct materials purchases $ 0 $ 0 Pequired Required 1 Required 2 Required 3 Prepare direct labor budgets for September and October. (Round "DL MCO Leather Direct Labor Budget September October Units to produce Direct labor hours needed 0 C 0 Cost of direct labor $ 0 GA 0

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