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Austin, Inc. manufactures model airplane kits. Direct materials are 2 ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budg following budgets: process. Each kit requires 0.75 hours of direct labor at an average cost of $40 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the (Click the icon to view the budgets.) Austin projects sales of 300, 400, 700, and 600 kits for the next four quarters. Austin has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of good budget for the year. Round amounts to two decimal places. Reference Determine the cost per kit to manufacture the model airplane kits. (Roun Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Total projected manufacturing cost per kit Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 550 420 600 550 2,220 $ 0.90 $ 0.90 $ 0.90 $ 0.90 VOH cost per kit 0.90 $ Budgeted VOH $ 495.00 $ 378.00 $ 540.00 $ 585.00 $ 1,998.00 135.00 135.00 135.00 135.00 540.00 Budgeted FOH $ 630.00 $ 513.00 $ 675.00 $ 720.00 2,538.00 Budgeted manufacturing overhead costs Direct labor hours 412.50 315.00 450.00 487.50 1,665.00 Budgeted manufacturing overhead costs 2,538.00 Help me solve this Demodocs example Get more help $ 1.52 70OF Q Search LOC Cloudy