fcorrect the boxes

Grady,

Inc. manufactures model airplane kits. Direct materials are

four

ounces of plastic per kit and the plastic costs

$1

per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires

0.10

hours of direct labor at an average cost of

$10

per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the following budgets:

Grady

projects sales of

100,

150,

100,

and

200

kits for the next four quarters.

Grady

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.

Grady, Inc. Direct Materials Budget For the Year Ended December 31 Grady, Inc. Direct Labor Budget or the Year Ended December 3 Prepare a cost of goods sold budget for the year. (Complete all input fields Enter "0" for zero balances.)