Please show calculations
Luther, Inc. manufactures model airplane kits. Direct materials are 7 ounces 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 0.75 hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is allocated 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 200, 100, 600, and 550 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 budget for the year. Round amounts to two decimal places Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $X.XX.) Reference Direct labor cost per kit Direct materials cost per kit Luther, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Manufacturing overhead cost per kit Third Fourth Selling price per kit Quarter Quarter Total 300 400 1,270 220 7 350 7 7 7 7 7 2,100 308 1,540 560 2,800 490 2,450 210 8.890 210 Budgeted kits to be produced Direct materials (ounces) per kit Direct materials needed for production Plus: Desired direct materials in ending Inventory In Total direct materials needed Less: Direct materials in beginning inventory Budgeted purchases of direct materials Direct materials cost per ounce 2,660 2,408 900 2,100 308 3,290 560 9,100 900 490 Choose from any list or enter any number in the input fields and ther 8.200 1.508 31$ 2,730 3 $ 2,170 3 $ S 1,792 3 $ 5,376 $ 3 Help Me Solve This DemoDocs Example Get M ck Answer S 4,524||$ 8,190 $ $ 6,510$ 24,600 Budgeted cost of direct materials purchases Luther, Inc. Luther, Inc. manufactures model airplane kits. Direct materials are 7 ounces of plastic per kit and the plastic costs $3 per ounce. Indirect materials are considered insignificant and are not included in the budgeting hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is allocated 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 200, 100, 600, and 550 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 sol amounts to two decimal places. Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, SX.XX.) Direct labor cost per kit Direct materials cost per kit - X Manufacturing overhead cost per kit Reference Selling price per kit Fourth Quarter Total Choose from any list or enter any number in the inpu Luther, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Quarter Quarter Quarter Budgeted kits to be produced 300 220 400 0.75 0.75 0.75 Direct labor hours per unit Direct labor hours needed for production 225.00 165.00 300.00 $ Direct labor cost per hour 25$ 25 s 25S $ 5,625 $ 4,125 S 7.500S Budgeted direct labor cost 350 0.75 1,270 0.75 Help Me Solve This DemoDocs Exam 952.50 262.50 25$ 25 6,563 $ 23.813 Luther, Inc. manufactures model airplane kits. Direct materials are 7 ounces 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 0.75 hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the following budgets: (Click the icon to view the budgets.) Luther projects sales of 200, 100, 600, and 550 kits for the next four quarters. Luther has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goods sold budget for the year. Round amounts to two decimal places Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, SX.XX.) Reference S 5,625 S 4,125$ 7,500S 6,563 $ 23,813 Total projected manufacturing cost per kit Budgeted direct labor cost Luther, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Quarter Quarter Third Fourth Quarter Quarter Total 300 0.50 S 220 0.50 S 400 0.50 $ 350 0.50 $ 1,270 0.50 $ Budgeted kits to be produced VOH cost per kit Budgeted VOH Budgeted FOH $ 150.00 S 175.00 110.00 S 175.00 200.00 $ 175.00 175.00 $ 175.00 635.00 700.00 $ 325.00 $ 285.00 S 375.00||$ 350.00 $ 1,335.00 Choose from any list or enter any number in the input fields and the Budgeted manufacturing overhead costs DemoDocs Example 225.00 165.00 Help Me Solve This 300.00 262.50 Get N N ock Answer Direct labor hours Budgeted manufacturing overhead costs $ $ 952.50 1,335.00 1.40 Predetermined overhead allocation rate
