uiz i Saved Help Save & Exit Required information Ruiz Co. provides the following sales forecast for the next four months: April 540 May June Sales (units) July 660 620 570 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 162 units. Assume July's budgeted production is 570 units. In addition, each finished unit requires four pounds (Ibs.) of raw materials and the company wants to end each month with raw materials invertory equal to 30 % of next month's production needs. Beginning raw materials inventory for April was 677 pounds. Assume direct materials cost $4 per pound. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April May June Next month's budgeted sales (units) 620 570 660 Ratio of inventory to future sales 30% Required units of available production Units to be produced Saved Help Save & Exit S April May 720 July 740 June Sales (units) Budgeted production (units) 640 670 580 710 680 680 The company plans for finished goods inventory of 260 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 20 % of next month's production needs. Beginning direct materials inventory for April was 580 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.20 hours of direct labor at the rate of $13 per hour. The company budgets variable overhead at the rate of $17 per direct labor hour and budgets fixed overhead of $9,400 per month. Prepare a direct materials budget for April, May, and June. RAMOS CO. Direct Materials Budget For April, May, and June April May June 580 710 680 units Budget production (units) Materials needed for production (lbs.) Total materials requirements (Ibs.) Materials to be purchased (Ibs.) Materials price per pound Budgeted cost of direct materials purchases Saved Help Save & Exit Submit ! Required information Ramos Co. provides the following sales forecast and production budget for the next four months: July 740 April 640 May 720 June Sales (units) Budgeted production (units) 670 680 580 710 680 The company plans for finished goods inventory of 260 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 20 % of next month's production needs. Beginning direct materials inventory for April was 580 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.20 hours of direct labor at the rate of $13 per hour. The company budgets variable overhead at the rate of $17 per direct labor hour and budgets fixed overhead of $9,400 per month. 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 2 Required 1 Prepare a direct labor budget. (Enter your direct labor hours (hrs.) per unit in two decimal places.) RAMOS CO. Direct Labor Budget Co Next> Prev 3 of 8