Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two places, XXX. Abbreviations used: VOH = variable manufacturing Cameron, Inc. Manufacturing Overhead Budget For the Year Ended December 31 Second Third Fourth First Quarter Quarter Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate duction at 500, 420, 250, and 350 kits for the next four quarters. and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overh number. 3,2 More info 2,3 2, Direct materials are six ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production, Cameron 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 $20 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.40 per kit, and fixed overhead is $160 per quarter. o two Inc. Budg Dece Seco Quar Print Done