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Cameron, Inc. manufactures model airplane kits and projects production at 550v 220, 350, and 800' kits for the next four quarters. O (Click the icon to view the manufacturing information.) Prepare Cameron'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 Cameron's direct materials budget. Cameron, Inc. Direct Materials Budget For the Year Ended December31 First Quarter Seconda Quarter Third Quarter Fourth Quarter Total Direct materials (ounces) per kit Directmaterials needed for production Plus: Desired direct materials in ending inventory Total direct materials needed Less: Direct materials in beginning inventory Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases More info Direct materials are four ounces of plastic per kit and fre plastjc costs $1 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 920 ounces, and the company desires to end each quarter with 30% of the materials needed for fie next quarter's production. Cameron desires a balance of 290 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 $55 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.40 per kit and fixed overhead is $170 per quarter print Done