I need to know how to do both E22-25 and then E22-26. Please explain how you did them, I need to be able to do something similar for an upcoming test. Thank you!

Gorman for April, May, and June. id a production budget for $22-25 Preparing an operating budget-direct materials, direct labor, and manufacturing overhead budgets Learning Objective 3 Trevor, Inc. manufactures model airplane kits and projects production at 500, 570, 2nd Qtr. OH $587.50 300, and 450 kits for the next four quarters. Direct materials are $10 per kit. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is $200, and the company desires to end each quarter with 30% of the materials needed for the next quarter's production. Trevor desires a balance of $200 in Raw Materials Inventory at the end of the fourth quar- ter. Each kit requires 0.75 hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.75 per kit, and fixed overhead is $160 per quarter. Prepare Trevor's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number. Note: Exercise E22-25 must be completed before attempting Exercise E22-26. E22-26 Preparing an operating budget-cost of goods sold budget Learning Objective 3 Refer to the budgets prepared in Exercise E22-25. Determine the cost per kit to manufacture the model airplane kits. Trevor projects sales of 400, 100, 700, and 3rd Qtr. COGS $20,895 500 kits for the next four quarters. Prepare a cost of goods sold budget for the year. Trevor has no kits in beginning inventory. Round amounts to two decimal places. ctives 092 27 Pret ra cial budget