Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $X.XX.)

Direct materials cost per kit	$12.00
Direct labor cost per kit	37.50
Manufacturing overhead cost per kit	1.34
Total projected manufacturing cost per kit	$50.84

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	0				0
Kits produced and sold
Total budgeted cost of goods sold

Cameron, Inc. manufactures model airplane kits. 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. Each kit requires 0.75 hours of direct labor at an average cost of $50 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, 700, and 550 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 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, $X.XX.) Total projected manufacturing cost per kit Choose from any list or enter any number in the input fields and then click Check Answer. Cameron, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Third Fourth Quarter Quarter Total Budgeted kits to be produced 220 550 300 1,420 350 6 6 6 6 6 2,100 1,320 3,300 1,800 8,520 264 660 360 280 280 Direct materials (ounces) per kit Direct materials needed for production Plus: Desired direct materials in ending inventory Total direct materials needed Less: Direct materials in beginning inventory Budgeted purchases of direct materials 2,364 1,980 3.660 2,080 8,800 930 930 264 660 360 1,720 7,870 1,434 25 1,716 2 $ 3,000 2 $ $ Direct materials cost per ounce 2S 2 $ 2,868 S 3,432 $ 6,000 $ 3,440 S 15,740 Budgeted cost of direct materials purchases Cameron, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Quarter Quarter Quarter Fourth Quarter Total Budgeted kits to be produced 350 300 220 0.75 550 0.75 1,420 0.75 0.75 0.75 Direct labor hours per unit Direct labor hours needed for production 262.50 225.00 1,065.00 165.00 50 $ 412.50 50 $ Direct labor cost per hour $ 50 $ 50 $ 50 $ 13,125$ 8,250 $ 20,625 $ 11,250 $ 53,250 Budgeted direct labor cost Cameron, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Quarter Quarter Quarter Fourth Quarter Total Budgeted kits to be produced 220 300 1,420 350 0.90 $ 550 0.90 $ $ VOH cost per kit 0.90 $ 0.90 $ 0.90 Budgeted VOH $ 315.00 $ 198.00 $ 495.00 $ 270.00 $ 1,278.00 155.00 155.00 155.00 155.00 620.00 Budgeted FOH $ 470.00 $ 353.00 $ 650.00 $ 425.00 $ 1,898.00 Budgeted manufacturing overhead costs 262.50 165.00 412.50 225.00 1,065.00 Direct labor hours Budgeted manufacturing overhead costs $ 1,898.00 1.78 $ Predetermined overhead allocation rate 1