* Mylab and Mastering x Course Home lum.ecollege.com/course.htmilcoutseld 168634148Open VellumHMAC19 Sac937fe277ebdee9 Copy of All Box 3123de10001 Lle Preston, Inc. manufactures model airplane kits and projects production at 450, 270, 650, and 350 kits for the next four quarters (Cick the icon to view the manufacturing Information) Prepare Preston'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 newest whole number TROLLO For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quartier Total Budgeted its to be produced 450 270 650 350 1720 Direct materials (ounces) per kit 5 Direct material needed for production 2,250 1.350 3.250 1.750 8600 Plus Desired direct materials in anding inventory Total direct material needed 940 270 Le Duc materials in beginning inventory -650 Budgeted purchases of dired materials Direct materials cost per Ounce Budgeted cost of direct materiale purchases * Mylab and Mastering x Course Home lum.ecollege.com/course.htmilcoutseld 168634148Open VellumHMAC19 Sac937fe277ebdee9 Copy of All Box 3123de10001 Lle Preston, Inc. manufactures model airplane kits and projects production at 450, 270, 650, and 350 kits for the next four quarters (Cick the icon to view the manufacturing Information) Prepare Preston'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 newest whole number TROLLO For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quartier Total Budgeted its to be produced 450 270 650 350 1720 Direct materials (ounces) per kit 5 Direct material needed for production 2,250 1.350 3.250 1.750 8600 Plus Desired direct materials in anding inventory Total direct material needed 940 270 Le Duc materials in beginning inventory -650 Budgeted purchases of dired materials Direct materials cost per Ounce Budgeted cost of direct materiale purchases