arton, Inc manufactures model airplane kits and projects production at 400, 620, 650, and 750 kits for the mext four quartiers (Click the loon to viow the manufacturing information.) repare Carlton's direct materia's budget, direct labor budget, and manufacturing overhead budget for the yoar. Round the direat labor hours needed for production, budgeted averhead costs, and predetermined verhead allocation rate to two decimal places. Round other amounts to the nearest whole number Carlton, Ine. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth QuarterQuarter Quarter Quarter Total Busonted kits to be produced Direct materials (ounces) per kn Direct materials needed for production Plus Desired direct maherials in ending inventory Total direct materials needed ess Direct materials in begihning invertor Budgeted purchases of direct materials Direct materials cost per ounce Budaeted oost of direct materiais ourchases hoose from any list or enter any number in the input fields and then continue to the next question 400 390 450 More Info Direct materials are 6 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 890 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Carlton desires a balance 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 diredct labor hours as the allocation base. Variable overhead is $0.60 per kit, and fixed overhead is $170 per quarter. of 260 ounces in Raw Materials Inventory at Print Done Cartton, Inc. manutactures model airplane kits and projects production at 400, 620, 650, and 750 kits for the next four quarters (Clck the icon to view the manufacturing information) Prepare Carton's drect materia's budget, direct lsbor budget, and manufacturing overhead budget tor the year. Round the direct labor hours neodled for production, budgoted ovarhead costs, and predetermined overhead allocation rate to two decimal places Round ofther amounts to the nearest whele number Prepare the direct labor budget. (Enter any hours as a decimal to two places, X.XX, and round all other amounts to the nearest whole number.) Carlton, Inc. Direct Labor Budget For the Year Ended December 31 SecondThird Fourth Quarter Quarter Quarter Quarter Total Direct labor hours needed for production Budgeted drect labor cost decimal to two places. X.XX. Abbreviations used: VOH variable manufactuing overhead, FOH xed manufacturing overheand) Prepare the manufacturing overhead budget (Enter all costs and hours as a Carlton, Inc Choose from any list or enter any number in the input fields and then continue to the next question. overhead allocation rate to two decimal places Round other amounts to the nearest whole number Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two places, X.XX. Abbreviations used: VOH- variable manufacturing overhead; FOH fixed manufact Carlton, 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 Budgeted manufacturing overhead costs Direct labor hours hoose from any list or enter any number in the input fields and then continue to the next