Question Help ade Luther, Inc. manufactures model airplane kits and projects production at 600, 330, 650, and 400 kits for the next four quarters (Click the icon to view the manufacturing information) Prepare Luther's direct materiais budget direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for n production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number NI Begin by preparing Luther's direct materials budget Luther, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Third Quarter Fourth Quarter Total More Info Link Direct materials (ounces) per kit Direct materials needed for production Plus: Total direct materials needed Less Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materiais purchases Prepare the direct labor budget. (Enter any hours as a decim Luth Direct materials are 6 ounces of plastic per kit 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 930 ounces, and the company desires to end each quarter with 30% of the materials needed for the next quarter's production. Luther desires a balance of 250 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.50 hours of direct laborat an average cost of $15 per hour, Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.50 per kit, and fixed overhead is $130 per quarter you it! IC Print Dono Choose from any list or enter any number in the input fields and then continue to the next question Prepare Luther's direct materiais budget direct inbor budget and manufacturing overhead budget for the year. Round the direct labor hour needed nearest whole number Luther, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials founces) per kit Direct materials needed for production Plus Total direct materials needed Budgeted purchases of direct materials Direct materials cout per ounce Budgeted cost of direct materials purchases Prepare the direct labor budget. (Enter any hours as a decimal to two places. XXK and round all other amounts to the nearest whole number) Luther, Ins Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Director hours needed for production Butrated and labor cost Ink Prepare the manufacturing overhead budget. (Ende al coat and hours a decimal to huo piacere, xxx tertentation und VOH website Luther, Ine. Manufacturing Overhead Budget For the Year Ended December 31 Final Second Quarter Quarter Third Quarter Fourth Quarter To ou til vor con una Mud VOM Bed FOH Beted maching what Budged mandating eco Preden werden Choose from any to be anymore and then continue to not to
