Preston, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total 400 220 600 450 1,670 $ 0.30||$ 0.30 $ 0.30||$ 0.30 || $ 0.30 Budgeted kits to be produced VOH cost per kit Budgeted VOH Budgeted FOH $ 120.00 || $ 66.00 $ 180.00 $ 135.00 || $ 501.00 160.00 160.00 160.00 160.00 640.00 $ 280.00 || $ 226.00 || $ 340.00||$ 295.00 || $ 1,141.00 Budgeted manufacturing overhead costs Direct labor hours 300.00 165.00 450.00 337.50 1,252.50 Budgeted manufacturing overhead costs $ 1,141.00 $ 0.91 Predetermined overhead allocation rate Preston, Inc. Direct Materials Budget For the Year Ended December 31 First Fourth Second Quarter Third Quarter Quarter Quarter Total Budgeted kits to be produced 400 220 600 450 1,670 Direct materials (ounces) per kit 2 2 2 2 2 Direct materials needed for production 800 440 1,200 900 3,340 Plus: Desired direct materials in ending 132 360 270 inventory 280 280 Total direct materials needed 932 800 1,470 1,180 3,620 Less: Direct materials in beginning inventory : 890 132 360 270 890 Budgeted purchases of direct materials 42 668 1,110 910 2,730 Direct materials cost per ounce $ 4 $ 4||$ 4||$ 4 $ $ 168 $ 2,672||$ 4,440||$ Budgeted cost of direct materials purchases 3,640 $ 10,920 Preston, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 600 450 400 0.75 220 0.75 1,670 0.75 0.75 0.75 Direct labor hours per unit Direct labor hours needed for production 337.50 300.00 22 $ 165.00 22 $ 450.00 22 | $ 1,252.50 22 $ 22 $ Direct labor cost per hour $ 6,600 $ 3,630 $ 9,900 $ 7,425 S Budgeted direct labor cost 27,555 Homework: ACC-260 Topic 3 Assignment Save Score: 0 of 15 pts 2 of 5 (1 complete) HW Score: 0%, 0 of 100 pts E22-25 (similar to) Question Help Presten, Inc. iriarufactures model airplare kils. Direct materials are 2 ources of plastic per kil and the plastic cusa SA per cunce. Indirect materials are considered insigrilicant and are not included in the budgeting process. Each kil recuires 0.75 hours of direct labor at an average cost of $22 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the following budgets: F (Click the loan to view the budgets.) Presten projects sales of 350, 100, 200, and 550 kits for the next four quarters. Preston has no kits in beginning inventory. Determine the cost per kit so manufacture the model airplane kits. Pregare a cost of goods sold budget for the year. Raund amounts to two decimal places. Determine the cost per kt to manufacture the macel airplane kits. (Round your answers to two decimal pleoas, SX.XX.) Total projected manufacturing cost per kit Choose from any list or enter any number in the input fields and then click Check Answer. 2 part 1 remaining Clear All Check Answer NUL 5 P OB tv