= Homework: M 5 Homework B - Graded Question 4, EM5-25 (similar to) > Part 1 of 2 HW Score: 6.25%, 2 of 32 points O Points: 0 of 4 Save Carlton, Inc. manufactures model airplane kits. Direct materials are four ounces plastic per kit and the plastic costs $2 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.75 hours of direct labor at an average cost of $15 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.) Carlton projects sales of 300, 100, 200, and 500 kits for the next four quarters. Carlton 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. Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $X.XX) Total projected manufacturing cost per kit Help me solve this Etext pages Get more help - Reference Carlton, Inc. Direct Materials Budget For the Year Ended December 31 First Quarter Second Quarter Third Fourth Quarter Quarter Total Budgeted kits to be produced 450 120 550 350 1,470 4 4 4 4 4 Direct materials (ounces) per kit Direct materials needed for production 1,800 480 2,200 48 220 140 1,400 210 5,880 210 Plus: Desired direct materials in ending inventory Total direct materials needed 1.848 700 2,340 1,610 6,090 890 48 220 140 890 Less: Direct materials in beginning inventory Budgeted purchases of direct materials 958 652 2,120 1,470 5,200 $ 2 $ 2 $ 2 $ 2 $ Direct materials cost per ounce 1,916 $ 1,304 $ 4,240 $ 2,940 $ 10,400 Budgeted cost of direct materials purchases Carlton, Inc. Direct Labor Budget For the Year Ended December 31 First Quarter Second Quarter Third Quarter Fourth Quarter Total Budgeted kits to be produced 450 120 550 Direct labor hours per unit 0.75 0.75 0.75 350 0.75 1,470 0.75 Direct labor hours needed for production 337.50 90.00 412.50 262.50 1,102.50 $ Direct labor cost per hour 15 $ 15 $ 5,063 $ 1,350 $ 15 $ 6,188 $ 15 $ 3,938 $ 15 16,538 Budgeted direct labor cost Carlton, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Quarter Second Quarter Third Quarter Fourth Quarter Total Budgeted kits to be produced $ 450 0.80 $ 120 0.80 $ 550 0.80 $ 350 0.80 $ 1,470 0.80 VOH cost per kit Budgeted VOH Budgeted FOH $ 360.00 $ 155.00 515.00 $ 96.00 $ 155.00 251.00||$ 440.00 $ 155.00 280.00||$ 155.00 1,176.00 620.00 595.00 $ 435.00 $ 1,796.00 Budgeted manufacturing overhead costs Print Done