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please help Prepare the direct labor budget. (Enter any hours as a decimal to two places, X.XX, and round all other amounts to the nearest
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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.) marultacturing overtiead) More info Direct materials are five ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant tand 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. Luther, ine manutactures model airplane kits and projects production at 450,450,200, and 800 kits for the next four quarters. (1) (Click the loon to view the manistactiring intormation.) predetermined civerhead aliocation rabs to two decinar places. Round other amounts to the nearest whole numbec. Begin by preparing tueners dieed materials budget Step by Step Solution
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