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Carllon, Inc. iranufactures model airplane kils and projects production at 250, 120, 200, and 400 kils for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Cartion'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 Hegin by preparing Cartton's direct materials budget Carlton, Inc., Direct Materials Budget For the Year Ended December 31 First Quarter Quarter More info Second Third Quarter Fourth Quarter Total Direct materials (ounces) per kit Direct materials needed for production Direct materials costs $ ource. Indirect risterials are considered insiglicant and are not included in the bucgeting process. Beginning Raw Materials Inventory is 930 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Carton desires a balance of 270 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct labar at an average cost of $45 per hour. Manufacturing overhaad is allocaten using direct labor hours as the allocation base. Vertebe overhead ta $0.75 per kit, and fixed overhead is $150 per quarter. Plus Total direct materiais needed Less: Print Done Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases