Cameron, Inc manufactures model alplanets and projects production at 550, 450, 600, and 650 kits for the next four quarters i Click the icon to view the manufacturing information.) Prepare Cameron's direct materais budget direct labor budget, and manufacturing averhead budget for the year. Round the direct labar hours needed for production, budgeted averhead costs, and predetermined overhead alocation rate ba two decimal places. Round other amounts to the nearest whole number. Begin by preparing Cameron's direct materials budget More Indo Cameron, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Third Fourth Quarter Quarter Total Direct materials are six ounces of plastic per kit and the plastic costs $2 per ounce Indirect materials are considered insignificant and are not included in the bucgeling process. Beginning Raw Materials Inventory is 950 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 lahor at an average cost of S30 per hour. Manufacturing overhead is alocaled using direct labor hours as the allocation base. Variable overhead is S0.70 per it and fixed overhead is $125 per quarter Direct materials (aunces) per kit Direct materials needed for production Plus: Total direct materials needed Less: Budgeted purchases of direct materials Direct materials cost per ounce Budgated costat direct materials purchases Print Done