Cameron, Inc, manufactures model airplane kits and projects production at 250, 450, 350, and 300 kits for the next four quarters (Click the icon to view the manufacturing information) Prepare Cameron's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for produce budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number Begin by preparing Cameron's direct materials budget Cameron, Inc. Direct Materials Budget For the Year Ended December 31 Second Quarter Quarter First Fourth Third Quarter Quarter Total More Info Direct materials (ouncen) per kit Direct materials needed for production PIUS Total direct materials needed Less Budgeted purchases of direct materials Direct materials cost per ounce Choose from any list or enter any number in the input fields and Direct materials are 6 ounces of plastic per kit and the plastic costs $2 per ounce Indirect materials are considered insignificant and are not included in the budgeting process, Beginning Raw Materials Inventory is 890 ounces, and the company desires to and each quarter with 10% of the materials needed for the next quarter's production Cameron desires a balance of 230 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 $50 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.90 per kit, and fixed overhead is $170 per quarter