Preston, Inc. manufactures model airplane kits and projects production at $300,620,650,$ and $350$ kits for the next four quarters.

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Prepare Preston'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.

Begin by preparing Preston's direct materials budget.

$\backslash$table$[[$Preston$,$ Inc.$],[$Direct Materials Budget$],[$For the Year Ended December $31],[,\backslash$table$[[$First$],[$Quarter$]],\backslash$table$[[$Second$],[$Quarter$]],\backslash$table$[[$Third$],[$Quarter$]],\backslash$table$[[$Fourth$],[$Quarter$]],$Total$],[$Budgeted kits to be produced,$300,620,650,350,1,920],[$Direct materials $($ounces$)$ per kit,$3,3,3,3,3],[$Direct materials needed for production,$900,1,860,1,950,1,050,5,760],[\backslash$table$[[$Desired direct materials in ending$],[$Plus: inventory$]],372,390,210,290,290],[$Total direct materials needed,$1,272,2,250,2,160,1,340,6,050],[$Less: Direct materials in beginning inventory,$880,372,390,210,880],[$Budgeted purchases of direct materials,$392,1,878,1,770,1,130,5,170],[$Direct materials cost per ounce,$$,$$$,1,$$$,$$