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 Budgeted kits to be produced 250 420 200 550 1,420 Direct materials (ounces) per kit 5 5 5 5 5 Direct materials needed for production 1,250 2,100 1,000 2,750 7,100 Plus: Desired direct materials in ending inventory 420 200 550 260 260 Total direct materials needed 1,670 2,300 1,550 3,010 7,360 Less: Direct materials in beginning inventory 870 420 200 550 870 Budgeted purchases of direct materials 800 1,880 1,350 2,460 6,490 Direct materials cost per ounce $ 3 $ 2,400 || $ Budgeted cost of direct materials purchases SA SA || $ 3 $ 3 $ 3 $ 3 5,640 || $ 4,050 $ 7,380||$ 19,470 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.) Cameron, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 250 420 200 550 1,420 Direct labor hours per unit 0.25 0.25 0.25 0.25 0.25 Direct labor hours needed for production 62.50 105.00 50.00 137.50 355.00 Direct labor cost per hour $ 15 $ 15 $ 15 $ 15 $ 15 $ 938 $ 1,575 $ 750 $ 2,063 $ 5,325 Budgeted direct labor cost 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 manufacturing overhead.) Cameron, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced VOH cost per kit 250 420 200 550 1,420 GA $ 0.80 $ 0.80 $ 0.80 $ 0.80 $ 0.80 Budgeted VOH 200.00 $ 336.00 $ 160.00 $ 440.00 $ 1,136.00 Budgeted FOH 155.00 155.00 155.00 155.00 620.00 $ 355.00 $ 491.00 $ 315.00 $ 595.00 $ 1,756.00 Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate 62.50 105.00 50.00 137.50 355.00 $ 1,756.00 $ 4.95 :: CH 7 HW st K Question 1, EM7-24 (similar to) < Part 1 of 3 HW Score: 10%, 1 of 10 points Points: 0 of 1 Save Carlton, Inc. manufactures model airplane kits and projects production at 550, 330, 600, and 750 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Carlton'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