maclures model plants and production 200 120.600 500 con vw the manufacturing Information Prepare Wiberec et budgetSlabor budget and acting overed budget for the Rounderstoorto rate to two decal Round the amount to the rest whole number Begin by preparing Wiber's direct material budget Wilbur, the Direct Materials Budget For the Year Ended December First Second Quarter Quarter Third Fourth Quarter Quarter Total Details Couco) por kit Direct mais needed for production Plus Total direct materials needed Less Budgeted purchases of dret materiale Direct materials cost per ounce Budgeted cost of direct material purchases laterials Budget More info 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 860 ounces, and the company desires to end each quarter with 30% of the materials needed for the next quarter's production. Wilber desires a balance of 240 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 $20 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.80 per kit, and fixed overhead is $175 per quarter. Print Done