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 cont of $10 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 wew the budgets.) Grady projects sales of 100, 150, 100, and 200 kits for the next four quarters. Grady has no kits in beginning inventory Dotermine the cost per kut to manufacture the model airpiane kits. Prepare a cost of goods sold budget for the year. Round amounts to two decimal ploces. Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $XX.) Prepare a cost of goods sold budget for the year. (Complete all input fields. Enter "0" for zero balances. Print Done Direct materiass cost per ounce Budgeted cost of direct materials purchases Grady, Inc. Direct Labor Budget For the Year Ended December 31 Manufacturing Overhead Budget Print Done