Muures model airplane kits. Direct materials are 4 ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.50 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 following budgets: (Click the icon to view the budgets.) Cameron projects sales of 500, 100, 700, and 400 kits for the next four quarters. Cameron has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goods sold budget for the year. Round amounts to two decimal places. Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $XXX) Direct materials cost per kit Direct labor cost per kit Manufacturing overhead cost per kit Total projected manufacturing cost per kit Cameron, Inc Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total 550 270 150 650 1620 4 4 4 Budgeted kits to be produced Direct materials (ounces) per kit Direct materials needed for production Plus Desired direct materials in ending inventory Total direct materials needed 2 200 600 1,080 180 2,600 280 324 6,480 280 780 2.5241 1260 1,380 2,880 870 6,760 870 324 180 780 1654 936 1.200 Less: Direct materials in beginning inventory Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases $ 2,100 4 s 5,890 4 4||$ 4|S 4||$ $ 6.616||S 3,744 $ 4.800ls 8,400||$ 23,560 Cameron, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 550 0.50 270 0.50 150 0.50 650 0.50 1620 0.50 Direct labor hours per unit FIRST Secono Third Fourth Quarter Quarter Quarter Quarter Total 270 150 Budgeted kits to be produced Direct labor hours per unit Direct labor hours needed for production 550 0.50 1,620 0.50 650 0.50 0.50 050 275.00 135.00 75 00 Direct labor cost per hour 401 40$ 325.00 40||$ 40||$ 810.00 40 Budgeted direct labor cost $ 11.000||$ 5.400$ 3.000 $ 13,000||$ 32,400 Cameron, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total 550 150 270 0 801 S $ 0 80S 1,620 0.80 0.80 $ 0.80 $ Budgeted kits to be produced VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs $ 216.00 $ 440.00 ||$ 150.00 1,296.00 120.00 $ 150.00 520.00 $ 150.00 150.00 600.00 $ 590.00||$ 366.00 $ 270.00 $ 670.00 $ 1,896.00 27500 135.00 75.00 325 00 810.00 Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate 1,896.00 2.34