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Cariton, Inc. manufactures model airplane kits. Direct materials are seven ounces of plastic per kit and the plastic costs $ 4 per ounce. Indirect materials

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Cariton, Inc. manufactures model airplane kits. Direct materials are seven ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 075 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
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Cartton projects sales of 300,200,700, and 650 kits for the next four quarters. Carlton 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 year. Round amounts to two decimal places.
Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $xx)
Reference
Total projected manufacturing cost per kit
\table[[For th,\table[[Cariton, Inc.],[ct Materials Bu],[ear Ended Dec]],\table[[udget],[cember 31]],,,],[,\table[[First],[Quarter]],\table[[Second],[Quarter]],\table[[Third],[Quarter]],\table[[Fourth],[Quarter]],Total],[Budgeted kits to be produced,400||,330,200,750,1,680],[Direct materials (ounces) per kit,7,7,7,7).,7],[Direct materials needed for production,2,800||,2,310||,1,400||,5,250||,11,760],[Plus: Desired direct materials in ending inventory,693,420.,1,575,290,290],[Total direct materials needed,3,493||,2,730,2,975,5,540,12,050],[Less: Direct materials in beginning inventory,940,693,420,1,575.,940],[Budgeted purchases of direct materials,2,553||,2,037||,2,555||,3,965||,11,110],[Direct materials cost per ounce,s,44.,s?,s?,4],[Budgeted cost of direct materials purchases,10,212||,8,148|:|,10,220||,15,860||,44,440]]
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