E22-24 (similar to Question Help Austin, Inc. manufactures model airplane kits and projects production at 250, 330, 200, and 550 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Austin's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two whole number Beain by preparing Austin's direct materials budget Austin, Inc. Direct Materials Budget X i More Info For the Year Ended December 31 Second Third Fourth First Quarter Quarter Quarter Quarter Total plastic ounce. Direct materials Indirect materials are considered insignificant and are pot included in the budgeting process. Beginning Raw Materials Inventory is 910 ounces, and the company desires to end aqu of 240u n Raw plastic kit Direct materials (ounces) per kit rthe Direct materials needed production Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is Variable overhead is Plus: $0.25 per kit, and fixed overhead is $135 per quarter. Total direct materials needed Less: Print Done Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases Choose from any list or enter any number i the input fields and then click Check Answer. 2 pants ning Clear All Check