Payton, in manufactures model airplane kits and projects production at 250, 270, 600, and 650 kits for the next four quarters. Click the loon to view the manufacturing Information) Prepare Proston'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 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials (Ounces perit Direct manas needed for production Pres Toul direct materials needed LOS Budget purchases of orect mata Direct materials cost per Ounce Budgeted cost of dret motor purchases Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 2 parts remaining 4 (similar to) Inc, manufactures model airplane kits and projects production at 250, 270, 600, and 650 kits for the next four quarters. k the icon to view the manufacturing Information.) Preston's direct materials budget, direc allocation rate to two decimal places. * More Info needed for production, bud materials (ounces) per kit materials needed for production Direct materials are 6 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 940 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Preston desires a balance of 230 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 $45 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 $130 per quarter. rect materials needed ed purchases of direct materials Print Done materials cost per ounce ted cost of direct materials purchases