NOTE: I DON'T WANT THE ANSWER TO BE HANDWRITTEN
Oliver, Inc. manufactures model alrplane kits and projects production at 500, 680, 400, and 350 kits for the next four quarters. (Click the icon to view the manufacturing information) Prepare Oliver'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 Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials (ounces) per kit Direct materials needed for production Plus Total direct materials needed Less: Budgeted purchases of direct materials Direct materiais cost per ounce Budgeted cost of direct materials purchases ctures model airplane kits and projects production at 500, 680, 400, and 350 kits for the next four quarters. to view the manufacturing information.) rector getel labor hours needed X pints to the nearest More info tal Direct materials are five ounces of plastic per kit and the plastic costs $5 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 890 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Oliver desires a balance of 260 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct labor at an average cost of $35 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.70 per kit, and fixed overhead is $175 per quarter. Sunce needed ials ng Print Done ses of cost per ounce vine manure modernes and project production at 500, 600, 400, and to the next tournante e con ta vw the many formation Prevs det manis budget director getan mandaduring over at budget for the year Round the direct bonded for production, ugled overcoss and peedid Overhead atation carlos Round all mounts to the whole number More info D One Dr Maget For the Year End December 31 First Second Quarter Quarter ThWd Quarter Four Quarter Total Duecesare unces of plastic per and the plastico per on. Indie somer cart and send the geting Process Beginning Rates Inventory w 0 ounces, and the company deste and each quarter with 20% of the manded for the next quarter proton verdens balance of 200 oncs Raw Mat Intratte end of the fourth quarter. Each tres 0.75 lors of dret for at an age cost of $35 per hout Mancung overhead is located waing directorate location Variablead is $0.70 pert med overheatis 15 perater Directe Todas Print Done Buge poches de les couper unde Muted compass Cleara Check answer Direct materials are five ounces of plastic per kit and the plastic costs $5 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 890 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Oliver desires a balance of 260 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct labor at an average cost of $35 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.70 per kit, and fixed overhead is $175 per quarter. Oliver, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Third Fourth Quarter Quarter Total Direct materials (ounces) per kit Direct materials needed for production Plus: Total direct materials needed Less: Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases Oliver, Inc, manufactures model airplane kits and projects production at 500,680, 400, and 350 kits for the next four quarters Click the icon to view the manufacturing Information.) Prepare Oliver'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
