Q- Search in Document 23 Review Charts SmartArt Themes Insert Styles Layout Document Elements Tables Paragraph Aa4 Font A 12 Themes Roman CX Text Box Styles 7. 12131415161 c) (18 Lab Day & Time Consuelo Nava ge Name 07/30/2020 Student ID Number 1001151746 Lab Topic Chapter 9 Grady, Inc. manufactures model airplane kits and projects production at 650, 500, and 450 kts for the first quarter, second quarter, and third quarter, respectively. Direct materials are 4 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 850 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Each kit requires 0.10 hours of direct labor at an average cost of $10 per hour. Prepare Grady's direct materials budget and direct labor budget for the first quarter and second quarter. Round the direct labor hours needed for production to two decimal places. Round other amounts to the nearest whole number. Grady, Inc. Direct Materials Budget For the First and Second Quarters First Quarter Second Quarter irplan I, and Budgeted kits to be produced sts SI Direct materials per kit (ounces) Print Layout View Sec 1 Pages: 1 of 2 100% 30 DU BO 000