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15 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. Part 2 of 2 April 540 480 Sales (units) Budgeted production (units) May 620 610 June 570 580 July 640 580 5.88 points Book Hint The company plans for finished goods inventory of 160 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 30% of next month's production needs. Beginning direct materials inventory for April was 720 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The company budgets variable overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per month Print References Exercise 22-9 Manufacturing: Direct labor and factory overhead budgets LO P1 15 Required information Required 1 Required 2 Part 2 of 2 Prepare a direct labor budget for April, May, and June. (Enter your direct labor hours (hrs.) per unit in two decimal places.) 5.88 points RAMOS CO Direct Labor Budget For April May, and June April May 480 eBook June 610 580 units Print Budgeted production (units) Direct labor hours per unit hrs ) Total labor hours needed Direct labor rate (per hour) Budgeted direct labor cost References Required 2 > IT 15 Required information Required 1 Required 2 Part 2 of 2 Prepare a factory overhead budget for April, May, and June, 5.88 points eBook May June Hint RAMOS CO. Factory Overhead Budget For April, May, and Dune April Total labor hours needed Variable factory overhead rate per direct labor hr Budgeted variable overhead Budgeted fixed overhead Total budgeted factory overhead Print References

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