Please answer the budget fixed overhead part

1 MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of $20 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $15,000 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 2,820 pounds of direct materials in Inventory. The company's production budget reports the following. 2 points Production Budget Units to produce September October 4,700 7,200 November 5,800 eBook (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. Q Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 References Prepare factory overhead budgets for September and October. MCO Leather Factory Overhead Budget September October Direct labor hours needed 3,290 5,040 Variable overhead rate per direct labor hour $ 2 2 $ Budgeted variable overhead $ 6,580 $ 10,080 Budgeted fixed overhead Budgeted total factory overhead $ 6,580 $ 10,080