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please help (1) (Cick the icon to view the manufacturing informason) prodetermined overhead allocation rate to two decimal places. Round other amounts to the nemarest

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(1) (Cick the icon to view the manufacturing informason) prodetermined overhead allocation rate to two decimal places. Round other amounts to the nemarest whole number. Begin by preparing Luther's direct materials budget: More info Direct materials are five ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 880 ounces, and the company desires to end each quarter with 30% of the materials needed for the next quarter's production. Luther desires a balance of 220 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 $0.25 per kit, and fixed overhead is $145 per quarter. Prepare the direct labor budget. (Enter any hours as a decimal to two places, X.XX, and round all other amounts to the nearest whole number) Luther, Inc. Direct Labor Budget For the Year Ended December 31

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