Question Help 0 Kelvin, Inc. manufactures model airplane Kits and projects production at 350, 360, 600, and 800 kits for the next four quarters (Click the icon to view the manufacturing Information Prepare Kelvin's direct material 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 Kelvis direct materials budget More into Direct For the Year Direct materials are 7 ounces of plastic per and the plastic costs $2 per Ounce Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 900 ounces, and the company desires to end each quarter with 30% of the materials needed for the next quarter's production Kelvin desires a balance of 250 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct laboratan average cost of $35 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.75 per kit, and food overhead is $155 per quarter Direct mails (ounces)perkt Direct materials needed for production Print Done Choose from any list or enter any number in the input field Check Answer 2 parts remaining op B 5 3 4 7 T R W E K G H s V M N B Question Help 22-24 (Similar to) Kelvin, Inc. manufactures model airplane kits and projects production at 350, 360, 600 and 800 kits for the next four quarters (Click the loon to view the manufacturing information Prepare Kelvin'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 Direct materials (ounces) per kit Direct materials needed for production Plus Total direct materials needed Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 2 parts remaining 7. 6 5 4 3 2 T R E w K H TI D S E22-24 (similar to) 105 (0 complete) HW Score: 0% Kelvin, Inc. manufactures model airplane kits and projects production at 350, 360, 600, and 800 kits for the next four quarters (Click the icon to view the manufacturing information) Questione Prepare Kelvin'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 Kelvin's direct materials budget Kelvin, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Third Fourth Quarter Quarter Total Direct materials (ounces) por kit Direct materials needed for production Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 2 parts remaining $ 8 7 6 Un 2 3 C T Y E R
