Luther,

Inc. manufactures model airplane kits and projects production at

150,

620,

550,

and

500

kits for the next four quarters.

LOADING.Prepare

Luther'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.

IU BON bor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places aterial budget More info EX Luther, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Direct materials are six ounces of plastic per kit and the plastic costs $1 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials inventory is 930 ounces, and the company desires to and each quarter with 30% of the materials needed for the next quarter's production. Luther desires a balance of 280 ounces in Raw Materials inventory at the end of the fourth quarter. Each kit requires 0.25 hours of direct labor at an average cost of $25 per hour Manufacturing overhead is located using direct labor hours as the location base Variable overhead is $0.50 per kit, and fixed Overhead is $145 per quarter Bion Print Done Etext pages Get more help Clear Check anawe Prepare Luther's direct materiale budget direct laber budget and manufacturing overhead budget for the yearHound the direct labor hours needed for production, budgeted overheat com and proceed come amounts to the nearest whole number Begin by preparing Luther's direct materials budget Luther, Inc. Direct Material Budget For the Year Ended December 31 First Second Quarter Quarter Third Quarter Fourth Quarter Total Directonces para Dit mattis needed to production Plus To maletas de LE Busted purchases of direct Dial coloca Bude cost of die mate purchases Help me solve this Etext pages Get more help