The company has prepared the following budgets

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Cameron, Inc. manufactures model airplane kits. Direct materials are two ounces of plastic per kit and the plastic costs SS per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.76 hours of direct labor at an average cost of S20 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base The company has prepared the following budgets (Click the icon to view the budgets.) Cameron projects sales of 400, 200, 300, and 660 kits for the next four quarters Cameron has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits Prepare a cost of goods sold budget for the year. Round amounts to two decimal places Determine the cost per kit to manufacture the model airplane kits. (Round pur answers to two decimal places, SX.XX.) c:::::::::::::::::::::::::::::::::::::::::::::::::::::zc:::::::::z c:::::::::::::::::::::::::::::::::::::::::::::::::::::zc:::::::::z Total projected manufacturing cost per kit Budgeted kits to be produced Direct materials (ounces) per kit Direct materials needed for production Cameron, Inc. Direct Materials Budget For the Year Ended December 31 Plus: Desired direct materials in ending inventory Total direct materials needed Less: Direct materials in beginning inventory Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases First Quarter 500 1,000 136 1,136 880 256 1 ,280 Cameron, Inc. Second Quarter 680 1 ,360 70 1 ,430 136 1 ,294 6,470 Third Quarter 350 2 700 60 760 70 690 3,450 Fourth Quarter 300 2 600 260 860 60 800 5 4,000 Direct Labor Budget For the Year Ended December 31 Budgeted kits to be produced Direct labor hours per unit Direct labor hours needed for production Direct labor cost per hour Budgeted direct labor cost Budgeted kits to be produced VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs First Quarter 500 0.75 375.00 20 7,500 Second Quarter 680 0.75 510.00 20 10,200 Cameron, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Quarter 500 0.30 150.00 155.00 30500 Second Quarter 680 0.30 204.00 155.00 359.00 Third Quarter 350 0.75 262.50 20 5,250 Third Quarter 350 0.30 105.00 155.00 26010 Fourth Quarter 300 0.75 225.00 20 4,500 Fourth Quarter 300 0.30 90.00 155.00 24500 x Total 2 3,660 260 3,920 880 3,040 15,200 Total 11830 0.75 1,372.50 20 27,450 Total 11830 0.30 549.00 620.00 1, 169.00