Prepare the direct labor budget. (Enter any hours as a decimal to two places, XXX, and round all other amounts to the nearest whole number Wilber, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter QuarterQua ter 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 part remaining Clear All O Type here to search Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter QuarterQuarter Quarter Total Budgeted kits to be produced Direct materials (ounces) per kit Direct materials needed for production Plus: Desired direct materials in ending inventory396 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 250 4 1,000 960 1,960 300 1,660 400 330 800 1,780 1,320 300 1,620 396 1,224 3,200 230 3,430 960 2,470 7,120 230 7,350 890 6.460 1,600 1,996 890 1,106 1106 s 1.224 $ 1.660 s 2.470 6.460 Choose from any list or enter any number in the input fields and then click Check Answer. Clear All remaining O Type here to search i More Info , Inc. ials Budg ed DecemDirect materials are 4 ounces of plastic per kit and the plastic costs S$1 per ounce. st ter S Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 890 ounces, and the company I desires to end each quarter with 30% of the materials needed for the next quarters production. Wilber desires a balance of 230 ounces in Raw Materials Inventory at 400 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 $0.25 per kit, and fixed overhead is $170 per quarter. 4 1600 396 1,996 890 1.106 Print Done 1,224 1,660 2,470 6,460 n Witber, Inc. manufactures model airplane kits and projects production at 400, 330, 250, and 800 kits for the next four quarters (Caick the icon to view the manufactuning information ) Propare Wilber's direct materials budget, direct labor budget, and manufacturing oweshead budget for the year. Round the drect iabor hours needed for produchon, budgeted overhead costs, and predetermined overhead allocation Round other amounts to the nearest whole number ate to materials cost per ounce 1,106 1,224 $ 1,660 2.47O$ 6.460 Budgeted cost of direct materials purchases Prepare the direct labor budget. (Enter any hours as a decimal to two places, XXX, and round all other amounts to the nearest whole number.) Wilber, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct labor hours needed for production Budgeled direct labor cost swer Choose from any list or enter any number in the input fields and then click Check An Check Answer Clear All