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Luther, Inc. manulactures model aiplane Nis. Direct materials are five ounces of plasbic per k t and the plastic costs $3 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.25 hours of direct labor at an average cost of $22 per hour. Manulacturing overhead is alocated using direct labor hours as the allocation base. The company has prepared the following budgets [Clok the lcon to view the budgets) Luther projects sales of 300,200,700, and 600 kits for the next four quarters. Luther has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goods sold budgot for the year. Round amounts to two decimal places Determine the cost per kit to manulacture the model airplane kis. (Round your answers to two decimal places. 5X ) Total projected manutocturing cost per kit Reference Reference Reference Luther, Inc. manutaclures model airplane kits. Direct materials are five cunces of plastic per kit and the plastic costs $3 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.25 hours of direct labor at an average cost of $22 per hour. Manufacturing overhead is alocated using direct labor hours as the allocation base. The company has prepared the following budgets (Click the icon to view the budgets.) Luther projects sales of 300,200,700, and 600 kits for the next four quarters. Luther has no kits in beginning irventory Determine the cost per kit to manufacture the model aiplane kits. Prepare a cost of goods sold budget for the year. Round amounts to two decimal places Determine the cost per kit to manulacture the model airplane kis. (Round your answers to two decimal places, 5X ) Total projected manufacturing cost per kit