Homer, Inc manufactures model airplane is. Direct materials are four ounces of plastic per kit and the plastic costs 51 per ounce Indirect materials are considered insignificant and are not induced in the budgeting process Each kit requires 0.25 hours of direct laborat an average cost of $22 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 view the budgets) Homer projects sales of 300. 100.300 and 500 wts for the next four quarters. Homer has no kits in beginning inventory. Determine the cont per kt to manufacture the model plane ks. Prepare a cost of goods sold budget for the year Round amounts to two decimal places CHO Determine the cost per it to manufacture the model airplanets. Round your answers to two decimal place. XXX) Decimo 4.00 Director copert Manufacturing overhead copt Total projected manufacturing cost per Prepare a cost of goods sold budget for the year. (Computer putti. Enter "ofor zero balances Homer, Inc. Cost of Goods Soldes For the Year Ended December 31 Second Third Fourth Quarter Quarter Quarter Quarter Tot Kits produced and sold Total budgeted cost of goods sold