Begin by preparing Wilber's direct materials budget. Wilber, Inc. manufactures model airplane kits and projects production at 250, 530, 400, and 700 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Wilber'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.