Paints: 0012 SAVO bung voreya Rordered the redd for nogled vowed recente More info Sand Our Third Quart T Dramas de no centro very 3 end of the fourth we Mar 2 00 Print Done 1 Kalvin, heldursmodell the and preciproct 30, 200, and one for the need four garters Jos on muuten) There were so dobro, during the budget for the year and the Grounded for production, budged ads, and permined to madhara whole number Begin by renow.de bestudou More info Our Our 630 Quarter TO T 7 be 7 T Garte 300 7 1,400 1,000 1450 Direct mare 7 ur plus de 13 were male radical and rare budgeting pron, Benga Materials inter is a weny foreslo and stor will of ladin production Kinders want of our in ww Malowy howed the fourth 20 mm wet of 30 per hour Manufacturing wheel to wcalde de dior hour own ristitev 000 pdf 4,346 200 30 300 4,030 0,00 10 200 14030 000 100 Print Done Denon Build direct me purch 350, 620, 200, and 750 kits for the next four quarters acturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two - X Budget December 31 More info Fourth Second Quarter Third Quarter Quarter Total 620 750 1,920 50 7 200 7 7 7 Direct materials are 7 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 900 ounces, and the company desires to end each quarter with 20% 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 0.25 hours of direct labor at an average cost of $30 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.90 per kit, and fixed overhead is $145 per quarter. 1,400 13,440 150 388 4,340 280 5,250 300 1,050 2.498 318 900 4,620 868 1.450 280 5,550 1,050 14,938 900 Print Done 3 $ 35 3$ 35 Kelvin, Inc. manufactures model airplane kits and projects production at 350, 620, 200, and 750 kits for the need four quarters, Click the loon 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 cc decimal places. Round other amounts to the nearest whole number More info Total Begin by preparing Kolvin's direct materials budget. Kelvin, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Budgeted kits to be produced 350 820 200 750 Direct materials (ounces) per kit 7 7 7 7 Direct materials needed for production 2.450 4.340 1,400 5,250 Desired direct materials in ending inventory 868 280 Plus 1,050 300 Totul direct materials needed 3,318 4,620 1.450 5,550 900 868 280 1.050 Loss Direct materials in beginning inventory Budgeted purchases of direct materials 3 $ 3 $ 3 $ 3 $ Direct materials cost per Ounce 1.920 Direct materials are 7 ounces of plastic Indirect materials are considered Insign process Beginning Raw Materials inver desires to end each quarter with 20% production Kelvin desires a balance of the end of the fourth quarter. Each tre average cost of $30 per hour Manufact, labor hours as the allocation base Varia overhead is $145 per quarter 13,440 2.490 14.938 900 3 Print Budgeted cost of direct materiale purchases