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Preston, Inc manufactures model aiplane kits Direct materials are five ounces of plastic per kir and the plastic costs 53 per ounce. indirect materfals are considered insignificant and are not included in the budgeting process. Each kit requires 025 hours of direct habor at an average cost of $50 per hour Manufacturing overhead is aliocated using direct labor hours: as the allocation base. The company has propared the following budgets (Click the icon to view the tudgets.) Preston projects sales of 500,200,500, and 700 kits for the next four quarters. Preston has no kiss in beginning inventory Dotermine 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. Preston, Inc. Direct Labor Budget For the Year Ended Decermber 31 Manufacturing Overhead Budget For the Year Ended Decernber 31 Preston, Inc manufactures model aiplane kits Direct materials are five ounces of plastic per kir and the plastic costs 53 per ounce. indirect materfals are considered insignificant and are not included in the budgeting process. Each kit requires 025 hours of direct habor at an average cost of $50 per hour Manufacturing overhead is aliocated using direct labor hours: as the allocation base. The company has propared the following budgets (Click the icon to view the tudgets.) Preston projects sales of 500,200,500, and 700 kits for the next four quarters. Preston has no kiss in beginning inventory Dotermine 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. Preston, Inc. Direct Labor Budget For the Year Ended Decermber 31 Manufacturing Overhead Budget For the Year Ended Decernber 31