Notes- Direct Material cost= $3 per pound & Variable Overhead rate (based on direct labor hours) is $25 per direct labor hour

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Sales Forecast & Production Budget (in Units) 1,500 Budgeted Production Sales Forecast 1,200 Budgeted Production 900 July Budgeted Production: 1,125 units Sales Forecast 600 300 April May June Ending Direct Materials Inventory by Month March March Direct Materials (pounds): 1,408 pounds April Solve for this value May Solve for this value June Solve for this value 0 400 800 1200 1600 200g Direct Materials (Pounds) Direct labor rate Direct materials cost Variable overhead rate Direct labor rate: $18 per hour + tableau 1. Prepare a direct labor budget for each month of April, May, and June. 2. Prepare a factory overhead budget for each month of April, May, and June. 3. The company is considering hiring more skilled workers. These workers would increase the direct labor rate to $21 per hour, and reduce direct labor hours required per finished good to 1.5 hours. Compute the direct labor budget for April assuming the company (a) does not hire more skilled workers and (b) hires more skilled workers. 4. The company is considering hiring more skilled workers. These workers would increase the direct labor rate to $21 per hour, and reduce direct labor hours required per finished good to 1.5 hours. How would this change to more skilled workers impact total budgeted factory overhead (assuming the budgeted variable overhead rate is unchanged)? DELRAY MANUFACTURING Direct Labor Budget For April, May, and June April May 880 1,100 June 1,075 units Budgeted production (units) Materials price per pound Total labor hours needed Materials to be purchased Budgeted direct labor cost DELRAY MANUFACTURING 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 DELRAY MANUFACTURING Direct Labor Budget for April Does Not Hire Does Hire 880 880 units Budgeted production (units) Total labor hours needed Budgeted direct labor cost The company is considering hiring more skilled workers. These workers would increase the direct labor rate to $21 per hour, and reduce direct labor hours required per finished good to 1.5 hours. How would this change to more skilled workers impact total budgeted factory overhead (assuming the budgeted variable overhead rate is unchanged)? How would this change to more skilled workers impact total budgeted factory overhead (assuming the budgeted variable overhead rate is unchanged)