Do Homework - M 5 Homework B - Graded - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=617984321&questionld=1&flushed=false&cld=68317288centerwin=yes ACG2071 ref 688517 Franchelle Navarro 02/05/22 12:39 AM ? E Homework: M 5 Homework B - Graded Question 3, EM5-24 (similar to) HW Score: 18.75%, 6 of 32 points Part 1 of 3 Points: 0 of 6 Save Cameron, Inc. manufactures model airplane kits and projects production at 150, 420, 400, and 500 kits for the next four quarters. i (Click the icon to view the manufacturing information.) Prepare Cameron's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor h allocation rate to two decimal places. Round other amounts to the nearest whole number. More info For the Year Ended December 31 Direct materials are four ounces of plastic per kit and the plastic costs $5 per ounce. Indirect materials are considered insignificant and are not included in the First Second Third Fourth budgeting process. Beginning Raw Materials Inventory is 900 ounces, and the Quarter Quarter Quarter Quarter Total company desires to end each quarter with 30% of the materials needed for the next quarter's production. Cameron desires a balance of 210 ounces in Raw Budgeted kits to be produced 150 420 400 500 1,470 Materials Inventory at the end of the fourth quarter. Each kit requires 0.25 hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is Direct materials (ounces) per kit allocated using direct labor hours as the allocation base. Variable overhead is Direct materials needed for production 600 1.680 1,600 2,000 5,880 $0.40 per kit, and fixed overhead is $140 per quarter. Plus: Desired direct materials in ending inventory 336 320 100 210 210 Total direct materials needed 936 2000 2000 2.210 6,090 Direct materials in beginning inventory 900 Less: 400 442 210 900 Print Done Budgeted purchases of direct materials 36 1600 1558 2000 5,190 Direct materials cost per ounce 180 8000 7790 10000 25,950 Budgeted cost of direct materials purchases Help me solve this Etext pages Get more help - Clear all Final check Type here to search O Fi 20 70'F Clear 12:39 AM 02/05/22