O EM7-24 (similar to) Question Help Kelvin, Inc. manufactures model airpa kits and projects production at 600, 360, 150, and 750 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Kelvin'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. Begin by preparing Kelvin's direct materials budget tion: i More Info X Direct materials are six ounces of plastic per kit and the plastic costs $3 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 10% of the materials needed for the next quarter's production. Kelvin desires a balance of 300 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.50 hours of direct labor at an average cost of $15 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.60 per kit, and fixed overhead is $170 per quarter. ab ACCOU EM7-24 (similar to) Questio Courses Kelvin, Inc. manufactures model airplane kits and projects production at 600, 360, 150, and 750 kits for the next four quarters (Click the icon to view the manufacturing information.) arse Home Prepare Kelvin's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for pw chase Option budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter ignments rson e Text Total ults Direct materials (ounces) per kit Direct materials needed for production y Plan Plus Total direct materials needed timedia Libra Less: pter Resource amic Study lules Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All 2 parts amunication remaining essible Resources OK > 9 WPXGC LIVE-2 (Sirilliai LUJ Kelvin, Inc, manufactures model airplane kits and projects production at 600, 360, 150, and 750 kits for the next four quarters (Click the icon to view the manufacturing information.) Prepare Kelvin's direct materials budget direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours neede budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number, an 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 bra CA Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Check Clear All