Cameron, Inc. manulactures model airplane kits and projects production at 550,120,150, and 400 kits for the next four quarters. Q (Click the icon to view the manufacturing information.) Prepare Cameron's direct materials budget, direct labor budget, and ifanufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to fwo decimal places. Round other amounts to the nearest whole number. Begin by preparing Cameron's direct materials budget. More info Direct materials aretseven 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 940 ounces, and the company desires to end each quarter with 30% 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 0.50 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 $0.25 per kit, and fixed overhead is $155 per quarter. Begin by preparing Cameron's direct materials budget. Prepare the direct labor tudget (Enter any hours as a docimal to two places, X.XX, and round all other amounts to the nearest whole numbec) Time Remai. Cameron, linc. manulactures model aiplano kits and projocts production at 550,120,150, and 400 kis for the next four quarters. Q Click the icon to view the manufocturing information. Prepare Cameron's drect materials budget, direct labor budget, and manufacturng overhead budget for the year. Round the divect labor hours needed for production, budgete predetermined overhead alocation rate to two decimal places. Rocond other amounts to the nearest whole number. ( Click the icon to view the manufacturing information) Prepare Cameron's direct materiats budget, direct labor budget, and manutacturing overhead budget for the year. Round the direct labor hours needed for productio predetermined owerthead allocation rate to two decimal places. Round other amounts to the nearest whole number