Oliver, Inc. manufactures model airplane bins. Deed materiais are seven ounces of plasto per kit and the plastic costs $5 per ounce Indirect materials are considered insignificant and are not included in the butting piss Each t requires 0.75 hours of direct labor at an average coat of $20 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the folowing the budgets) Oliver projects sales of 200, 100, 400, and 550 kits for the next four quarters. Over has no kits in beginning inventory Determine the col per kit to manufacture the model airplane ts. Prepare a of goods sold budget for the year Round amounts to two decimal place Direct materials coef Direct labor cost per Manufacturing overhead cost per k Total projected manufacturing cost per k Prepare act of goods sold budget for the year. (Complete al input wide Enter Oliver, Inc. Cost of Goods Sold budget For the Year Ended December 31 Beginning inventory Kile prodused and sold First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials cost per kit, Direct labor cost per kit Manufacturing overhead cost per kit Total projected manufacturing cost per kit Prepare a cost of goods sold budget for the year. (Complete all input fields. Enter "0" for zero balances.) Oliver, Inc. Cost of Goods Sold Budget For the Year Ended December 31 Beginning inventory Kits produced and sold Total budgeted cost of goods sold First Second Quarter Quarter Third Quarter Fourth Quarter Total