Homer, Inc manufacturers modet airplane kits and projects production at 400,680, 500, and Y50 uts for the next four quarters. Click the icon to view the manufacturing Information) Preparo Homer's direct materiale badpot direct labor budget, and marfacturing ovestend budget for the you Round the direct labor hours needed for prosuction budgeted averad costs and prichtetin overhead allocation rate to two decimal places. Round other amounts to the nearest whole number More info Direct materials are seven ounces of plastic per kit and the plastic costs 53 per ounce Indirect materials are considered ficant and are not included in the budgeting process Beginning Raw Materials Inventory is 890 ounces, and the company doors to and each Quarter with 20% of the materials needed for the next quarter's production Home desires a balance of 270 ces in Raw Materials inventory the end of the fourth quarter. Each Us 0.50 hours of direct laborat an average cost of $30 per hour Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is 50.75 port and federais 5170 por our Fourth Outler Total Print Done Clear all Check answe Homer, Inc, maractures model plane kits and projects production at 400,680, 500, and 780 kits for the next fou quarters Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Third Quarter Fourth Quarter Total Direct materials (co) perkt Direct mat needed for production Plus Total direct mais needed Los Busted purchases of direct Direct Costerono Budgeted cost of direct materials purchases