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Required information Use the following information for the Exercises below. Ramos Co provides the following sales forecast and production budget for the next four months Sales (units) Budgeted production (units) April 510 450 May 590 580 June 540 550 July 610 550 The company plans for finished goods inventory of 130 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 675 pounds. Direct materials cost $3 per pound. Each finished unit requires 060 hours of direct labor at the rate of $17 per hour . The company budgets variable overhead at the rate of $21 per direct labor hour and budgets fixed overhead of $8,100 per month Prepare a direct materials budget for April, May, and June. K RAMOS CO. Direct Materials Budget For April, May, and June April May June 450 580 Budget production (units) Materials requirements per unit Materials needed for production (lbs.) ces 6 550 units 6 lbs 6 Total materials requirements (lbs) 0 0 Materials to be purchased (lbs) Materials price per pound Budgeted cost of direct materials purchases 0 0 1. Prepare a direct labor budget for April, May, and June. 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 direct labor budget for April, May, and June. (Enter your direct labor hours (hrs.) per unit in two decimal places.) RAMOS CO. Direct Labor Budget For April, May, and June April May Budgeted production (units) June 550 units 450 580 Total labor hours needed Budgeted direct labor cost Required Required 2 > 1. Prepare a direct labor budget for April, May, and June. 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. 5 RAMOS CO. 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

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