please prepare the direct labor budget. (enter hours as a decimal to two places x.xx and round all other amounts to nearest whole number)

More Info - X he quarters om sind erd d the direct mal places Direct materials are six 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 920 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Homer desires a balance of 240 ounces in Raw Materials Inventory at the end of the fourth quarter Each kit requires 0.25 hours of direct labor at an average cost of $15 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base Variable overhead is $0.60 per kit, and fixed overhead is $140 per quarter. or Print Done dir Answer BRE 9.00 1,00 Homer, Inc. manufactures model airplane kits and projects production at 550,680, 250, and 450 kits for the next four quarters (Click the icon to view the manufacturing information) Prepare Homer'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 Direct materiais needed for production 5,300 2,0 Plus Desired direct materials in ending inventory 408 150 270 240 240 Total direct materials needed 3,708 4,230 1,770 2,940 11.820 Less Direct materials in beginning inventory 920 150 270 920 Budgeted purchases of direct materials 2.788 3 822 1.620 2,670 10.900 Direct materials cost per ounce $ 5 s 5$ $ 5 $ Budgeted cost of direct materials purchases 13 940$ 19, 110 $ 8.100 13,350 $ 54,500 TT, , 408 5 5 $ Choose from any list or enter any number in the input fields and then click Check Answer Homer, Inc. manufactures model airplane kits and projects production at 550, 680, 250, and 450 kits for the next four quarters (Click the icon to view the manufacturing information) Prepare Homer'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 secona inira Pourt Quarter Quarter Quarter Quarter Total Direct labor hours needed for production Budgeted direct labor cost Choose from any list or enter any number in the input fields and then click Check Answer. Get More Help Clear All Check