Question Help Trevor, Inc. manufactures model airplanes and projects production at 350, 220, 550, and 750 kits for the next four quarters (Click the icon to view the manufacturing information) Prepare Trevor'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 More Info Begin by preparing Trevor's direct materials budget Trevor, Inc. Direct Material Budget For the Year Ended December 31 First Second Quarter Quarter Third Quilter Fourth Quarter Total Direct materials are sources of plastic per i andre plastic costs per ounce Indirect materials are considered significant and are not included in the budgeting desires to and each quarter with 10% of the materials needed for the next quarter's production Trevor desires a balance of 200 ounces in Raw Materials inventory at the end of the fourth quarter. Each requires 0.50 hours of direct laboratan average cost of 15 per hour. Maracturing overhead is allocated using direct bor hours as the location base Variable overhead is $0.70 per kit, and fred overhead is $155 per quarter Direct materiale Direct manded for production Plus Total directed Print Done Los Budgled purchases of direct man Director ounce Budgeted cost of direct materials purchases Prepare the direct labor budget. ( Cerary hours as a decimal to two places, XXX, and round all other amounts to the nearest whole number) Choose from any storonto any number in the input fields and then continue to the next question Trevor, Inc. manufactures model airplane kits and projects production at 350.220.550, and 750 kits for the next four quarters Click the icon to view the manufacturing Information) Prepare Trevor's direct materials budget direct inbor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead a decimal places. Round other amounts to the nearest whole number More Info Prepare the direct Inbor budget. (Enter any hours as a decimal to two pinces, XXX, and round all other amounts to the nearest whole num Trevor, Inc. Direct Labor Budget For the Year Ended December 31 First Second Quarter Quarter Quarter Third Fourth Quarter Total Direct materials are 5 ounces of plastic per kit and the plastic costs $4 per ounc Indirect materials are considered insignificant and are not included in the budge process. Beginning Raw Materials Inventory is 940 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quart production. Trevor desires a balance of 290 ounces in Raw Materials inventory the end of the fourth quarter. Each it requires 0.50 hours of direct laboratan average cost of $15 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.70 per kit, and feed overhead is $155 per quarter Direct labor hours needed for production Budgeted direct labor cost Print Done Prepare the manufacturing overhead budget. (Enter al cons and hours as a decimal to two places, XXX. Abbreviations used: VOH variable manufacturing overhead, FOHRived manufacturing overhead) Trevor, Inc. Manufacturing Overhead Budget For the Year Ended December 31 Second Third Fourth Choose from any lot or enter any number in the input fields and then continue to the next question MacBook Pro Prepare Trevor'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 alocation secimal places. Round other amounts to the nearest whole number More Info Budgeted direct labor cost Prepare the manufacturing overhead budget (Enter all costs and hours as a decimal to two places, XXX. Abbreviations used: VOH Varie Trevor, ne Manufacturing Overhead Budget For the Year Ended December 31 Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials are 5 ounces of plastic per kit and the plastic costs $4 per ounce Indirect materials are considered insignificant and are not included in the budgeting procesa. Beginning Raw Materials inventory is 940 ounces, and the company desires to and each quarter with 10% of the materials needed for the next quarter's production. Trevor desires a balance of 290 ounces in Raw Materials inventory at the end of the fourth quarter. Each kt requires 0.50 hours of direct labor at an average cost of $15 per hour. Manufacturing overhead is located using direct labor hours as the allocation base. Variable overhead is $0.70 per kit, and fixed Overhead is $155 per quarter. VOH Cost Print Done Budged VOH Budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Choose from any list or enter any number in the input fields and then continue to the next
