2 E22-24 (similar to) Preston, Inc. iraractures mudel airplane kis and projects production at 400, 380, 300 and 450 kils for the next four cuarters Click the icon to view the manufacturing information) Prepare Preston's drect materais budget, direct later budget and manufacturing overticac budget for the year. Round the cirect later haurs reeded for production, budgeted cvetoad sost, and precetermined overhead alocaban rate to vo deors places. Rour other amounts to the nearest whole number Preston, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 400 300 450 1,510 4 4 4 2 Direct materials lounges) per kit Dicct materiais nccded for production 1,800 1.440 1,200 1,000 6040 Plus: Desired direct materials in ending inventory 144 120 180 270 270 Total direct materiais nooden 1,744 1.000 1,380 2,070 6.310 Less: Dract materals in beginning inventory 870 144 120 180 870 Budgatec purchases of dran materiais 974 1.416 1,260 1,490 5.4401 Dinct materials cost per ounce 5S 5 3 5 3 5 S 5 $ 4,370 S 7.0803 Budget cost nt direct materiais purthases 6,300 3 3,450 S Prepare the direct laborudget (Enlar any hours As A decimalta tan PACAR XXX and round Alther Amount to thA NATART WHCIA number Preston, Inc. More Info Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Direct materials are 4 ounces of plastic per kt and the plastic Cos.s $5 per ounce Ircirect materials are con dered insgnificant and are not incuded in the budgeting Quarter Quarter Quarter Quarter Total prosess. Beginning Raw Materals Inventory is a70 ounces, and the company Budgeted kts to be produced 400 200 300 450 1500 dcsincs to crd cach quarter with 10% of the materials needed for the next cuarter's production. Proston cesincs a balance ct 270 ounces in Raw Materia's Inventory at Drect labor hours perunt 0.5 0.5 0.5 0.5 0.5 the end of the fourth quarter. Each kt racuines 0.50 hours of dran labor At an Direct lahar hours needed for production 200 AVAAGA as of $50 per hour. Mandaming overhead is located aing dram 180 150 225 7:55 labor hours as the allocation has variable warhead is 50 75 per it, and fixed Drem labor cost per hou 50 50 50 50 50 weitead ie 8140 per quarter 100001 Budget direct labor rast B000 7500 11250 37750 Print Dare 27200 Choose from any list ar antarany number in the input fields and then click Check Ansvar