Austin, Inc manufactures model airplane kits and projects production at 150, 330, 650, and 650 kit for the next four quarters (Click the icon to view the manufacturing information) Prepare Austin's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number Begin by preparing Austin's direct materials budget Direct materials (ounces) por k Direct materials needed for production Plus Total direct materials needed Lose Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases Austin, Inc Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Third Quarter Fourth Quarter Total