Please solve 1&2:

1. DM BUDGET (2pts): Mandip Inc. provides the following budgeted production for the next four months. April 5,050 May 4,980 June 5,120 July 5,340 Budgeted production Each finished unit requires 12 grams of direct materials. The company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Ending direct materials inventory for March 31 was 18,180 grams. Direct materials cost $2.50 per gram. Prepare a direct materials budget for April, May, and June. Use proper formatting, making sure to include the firm's name, the name of the budget, and the budget period. 2. DL and FACTORY OH BUDGETS (2pts): Shields & Company budgets production of 72,000 units during the second quarter. Information on its direct labor and its variable and fixed overhead is as follows: Each finished unit requires 0.25 direct labor hours, at a cost of $20 per Direct labor hour. Variable overhead Budgeted at the rate of $4.50 per direct labor hour. Fixed overhead Budgeted at $213,350 per quarter. a. Prepare a direct labor budget for the second quarter. Use proper formatting, making sure to include the firm's name, the name of the budget, and the budget period b. Prepare a factory overhead budget for the second quarter. Use proper formatting, making sure to include the firm's name, the name of the budget, and the budget period