Cameron, Inc. manufactures model airplane kits. Direct materials are 4 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. Each kit require 0.25 hours of direct labor at an average cost of $15 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the following budgets: (Click the icon to view the budgets.) Cameron projects sales of 200, 100, 500 and 400 kits for the next four quarters, Cameron has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goods sold budget for the yea Round amounts to two decimal places. Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $X.XX.) Direct labor cost per kit S 3.75 Direct materials cost per kit Manufacturing overhead cost per kit 0.65 8.40 Total projected manufacturing cost per kit 4.00 Prepare a cost of goods sold budget for the year. (Complete all answer boxes. Enter"0" for zero balances.) Cameron, Inc. Cost of Goods Sold Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Beginning inventory Kits produced and sold Total budgeted cost of goods sold Choose from any list or enter any number in the input fields and then click Check