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Question Hel 222-24 (Slmllar to inc. manufactures model airplane kits and projects production at 550, 330, 200, and 700 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 needed for production, First SecondThird Fourth Quarter Quarter Quarter Quarter Total Direct materials n Plus: Total direct Choose from any list or enter any number in the input fields and then click C parts remaining 9 5 6 8 9 0 aterials budg d predetenm Xor ho le nu More Info Direct materials are 2 ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 940 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 270 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct labor at an average cost of $35 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.25 per kit, and fixed overhead is $130 per quarter. er kit productiona ed Print Done rect materials nter any number in the input fields and then click Check Answer Clear All