Save Exit Help A July sales forecast projects that 7,000 units are going to be sold at a price of $11.50 per unit. The management forecasts 15% growth in sales each month. Total July sales are anticipated to be Submit Multiple Choice $103,500 $80,500 $77,050 O $23.950 $57500 2 + 2 of 2 Required information Ramos Co provides the following sales forecast and production budget for the next four months April Sales (units) May June July 620 700 Budgeted production (units) 650 560 690 660 660 720 6 oBook The company plans for finished goods inventory of 240 units at the end of June. In addition, each finished unit requires 6 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 25% of next month's production needs. Beginning direct materials inventory for April was 840 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $11 per hour. The company budgets variable overhead at the rate of $15 per direct labor hour and budgets fixed overhead of $9,200 per month. Hint Print ferences 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget for April, May, and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a factory overhead budget for April, May, and June. Bucu Required 1 Required 2 Prepare a factory overhead budget for April, May, and June. RAMOS CO. May June Factory Overhead Budget For April, May, and June April Total labor hours needed Variable factory overhead rate per direct labor hr. Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead