Cameron, Inc, manufactures model airplane kits and projects production at 500,620,350, and. 700 kits for the next four quarfers. (Clicik the icon to view the mafwifacturing information.) Prepare Cameron's direct materials budget, drect labor budget, and manufacturing ovestiend budget for the year, Round the direct iabor hours needed for production, budgoted cverhead costs, and predetermined overhead allocation rate to two docimal placess. Round other amounts to the nearest whole number. Begin by preparing Cameron's ditect matetals budgot. Direct materials are 2 ounces of plastic per kit and the plastic costs $3 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 910 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 290 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.25 hours of direct labor at an average cost of $20 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.30 per kit, and fixed overhead is $145 per quarter