Oliver, Inc. manufactures model airplane kits and projects production at $600,360,550,$ and $450$ 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.

Begin by preparing Oliver's direct materials budget.

Oliver, Inc.

Direct Materials Budget

Direct materials $($ounces$)$ per kit

Direct materials needed for production

Plus: Desired direct materials in ending inventory

Less: Direct materials in beginning inventory

Budgeted purchases of direct materials

Direct materials cost per ounce

Budgeted cost of direct materials purchases