Cameron, Inc. manufactures model airplane kits and projects production at 500, 420, 250, and 350 kits for the next four quarters (Click the icon to view the mandacturing Information) Prepare Cameron's direct materials budget director budget and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead two decimal places. Round the amounts to the nearest whole number 1 1 $ Plus Desired direct materials in ending inventory 252 150 210 220 220 Total direct manas needed 3.252 2670 1210 2.320 9,340 Leo Direct materials in beginning inventory 870 150 210 870 Budgeted purchases of direct materials 2.382 2.458 1.580 2.110 8.470 Direct materials cost per ounce $ $ 1S 15 Budgeted cost of direct materials purchases 2.3825 2418$ 1.5605 2.110 B470 Prepare the direct labor budget. (Enter any houn sa decimal to two places XXX and round all other mounts to the nearest whose name Cameron, line Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Tot Director housed for production Budgeted abot cost duction at 500, 420, 250, and 350 kits for the next four quarters. and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overh number. 3,2 More info 2,3 2, Direct materials are six ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production, Cameron desires a balance of 220 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.50 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 $0.40 per kit, and fixed overhead is $160 per quarter. o two Inc. Budg Dece Seco Quar Print Done