Score: 0 of 5 pts 6 of 8 (4 HW Score: 21.67%, 6 5 of 30 E22-24 (similar to) Help nc manufactures model airplane kls and projects production at 200, 220, 400, and 750 kits for the next four quarters Prepare Luthers direct materials budget, direct labor budget, and manufacturing overhead budget for the year Round the direct labor hours needed for production, budgerted overhead costs, and Round other Direct Materials Budget FirstSecondThirdFourth Quarter Quarter Quarter Total Choose from any ist or enter any number in the input tields and then click Chock Answer 2 - aX Esc (Copy) 6 of 8 (4 complete) Hi More Info for production, b Direct materials re 7 ounces of plastic per kit and the plastic costs $3 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 860 ounces, and the | company desres to end each quarter with 30% of the materials needed for the next quarter's production. Luther desires a balance of 210 ounces in Raw Materials Inventory at the end of the fourth quarter, Each kit requires 0.75 hours of direct labor at 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 or PrintDone Clear All eno