E22-24 (similar to) Trevor, Inc. manufactures model airplane kits and projects production at 300, 330, 600, and 750 kits for the next four quarters. Click the icon to view the manufacturing Information.) Prepare Trevor's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor ho nearest whole number. Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 300 330 600 750 1.980 Direct materials (ounces) per kit 3 3 3 3 Direct materials needed for production 900 990 1,800 2,250 5,940 Plus: Desired direct materials in ending inventory 198 450 270 270 Total direct materials needed 1,098 1,350 2,250 2,520 6,210 Less: Direct materials in beginning inventory 890 198 360 450 890 Budgeted purchases of direct materials 208 1,152 1,890 2,070 5,320 Direct materials cost per ounce 4 $ 4 $ 4 $ 4 $ Budgeted cost of direct materials purchases S 832 S 4,608 5 7.560 $ 8,280 $ 21,280 3 3 360 $ Prepare the direct labor budget. (Enter any hours as a decimal to two placos, XXX, and round all other amounts to the nearest whole number.) Trevor, Inc Direct Labor Budget For the Year Ended December 31 First Second Third Quarter Quarter Quarter Fourth Quarter Total Direct labor hours needed for production Budgeted direct labor cost Choose from any list or enter any number in the input fields and then click Check Answer. 1 Part remaining Quarter Quarter Total 600 750 1,980 3 3 3 1,800 2,250 5,940 ACA 2. * More Info $ $ 7: Direct materials are 3 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. Beginning Raw Materials Inventory is 890 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Trevor desires a balance of 270 ounces in Raw Materials Inventory at the end of the fourth quarter. 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. Variable overhead is $0.60 per kit, and fixed overhead is $145 per quarter. und all Print Done Foy Quarter TULT