lework. AGG-260 Topic 3 Assignment 1, C22-24 (similar to) HW Score: 40.7%, 40.7 of 100 points Part 3 of 3 Points: 6.88 of 15 Save Carlton, Inc. manufactures model airplane kits and projects production at 200, 120, 550, and 700 kits for the next four quarters. i (Click the icon to view the manufacturing information.) Prepare Carlton'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. O More info O For the Year Ended December 31 First Second Third Fourth Direct materials are 5 ounces of plastic per kit and the plastic costs $3 per ounce. Quarter Quarter Quarter Quarter Total Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 880 ounces, and the company Budgeted kits to be produced 200 120 550 700 1,570 desires to end each quarter with 20% of the materials needed for the next quarter's 5 production. Carlton desires a balance of 260 ounces in Raw Materials Inventory at VOH cost per kit the end of the fourth quarter. Each kit requires 0.75 hours of direct labor at an Budgeted VOH 1,000 600 2,750 3,500 7,850 average cost of $50 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.70 per kit, and fixed Budgeted FOH overhead is $130 per quarter. Budgeted manufacturing overhead costs Direct labor hours Print Done Budgeted manufacturing overhead costs Help me solve this Demodocs example Get more help - Clear all Check answer Top Events 10:57 PM Q Search 8/20/2023 Event Brief