2 c roduction at 300, 450, 550, and 750 kits for the next four quarters on, budgetee - X et, and the ne More Info Direct materials are 4 ounces of plastic per kit and the plastic costs $2 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 930 ounces, and the company desires to end each quarter with 20 % of the materials needed for the next quarter's production. Cameron desires a balance of 240 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.25 hours of direct labor at an average cost of $55 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.30 per kit, and fixed overhead is S160 per quarter Cameron ct Materia Year Ended First Quarte Print Done Dut fields and then continue to the next question DELL rtScr nser F10 F11 F12 F9 6 2 of 7 (1 complete) his Question: 1 pt Cameron, Inc. manufactures model airplane kits and projects production at 300, 450, 550, and 750 kits for the next four quarters. Click the icon to view the manufacturing information.) Prepare Cameron's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours m allocation rate to two decimal places. Round other amounts to the nearest whole number Begin by preparing Cameron's direct materials budget Cameron, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials (ounces) per kit Direct materials needed for production Plus Choose from any list or enter any number in the input fields and then continue to the next question Type here to search DELL Cameron, Inc. manufactures model airplane kits and projects production at 300, 450, 550, and 750 kit i(Click the icon to view the manufacturing information.) s for the next four quarters. Prepare Cameron's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needec allocation rate to two decimal places. Round other amounts to the nearest whole number Plus: Total direct materials needed Less Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases Prepare the direct labor budget. (Enter any hours as a decimal to two places, XXX, and round all other amounts to the nearest whole number) Cameron, Inc. Direct Labor Budget For the Year Ended December 31 Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search 2 of 7 (1 complete) This Question: 1 pt Cameron, Inc. manufactures model airplane kits and projects production at 300, 450, 550, and 750 kits for the next four quarters. i(Click the icon to view the manufacturing information.) Prepare Cameron's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hou allocation rate to two decimal places. Round other amounts to the nearest whole number First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct labor hours needed for production Budgeted direct labor cost Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two places, X. XX Abbreviations used = variable Cameron, Inc. Manufacturing Overhead Budget Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search his Question: 1 pt 2 of 7 (1 complete) Cameron, Inc. manufactures model airplane kits and projects production at 300, 450, 550, and 750 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Cameron's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct laba allocation rate to two decimal places. Round other amounts to the nearest whole number Prepare the manufacturing overhead budget. (Enter ll costs and hours as a decimal to two places, X.XX. Abbreviations used: VOH = v Cameron, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Rudantnd mandnctrinn Anhnnd nante Choose from any list or enter any number in the input fields and then continue to the next question his Question: 1 pt 2 of 7 (1 complete) Cameron, Inc. manufactures model airplane kits and projects production at 300, 450, 550, and 750 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Cameron's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct la allocation rate to two decimal places. Round other amounts to the nearest whole number FIrst Secona inira Fourtn Quarter Quarter Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Choose from any list or enter any number in the input fields and then continue to the next