this doesnt make sense
Oliver, Inc, manufactures model airplane kits. Direct materials are five ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0,50 hours of direct labor at an average cost of $50 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 budget Oliver projects sales of 400, 200, 700 and 650 kits for the next four quarters. Oliver has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goods id budget for the year. Round amounts to two decimal places Determine the cost per kit to manufacture the model alrplane kits. (Round your answers to two decimal places, SX.XX) Total projected manufacturing cost per kit c Question Viewer Choose from any list or enter any number in the input fields and then click Check Answer. part Check Answer Clear All TI/2020 Reference Ollver, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 550 530 350 750 2,180 5 5 5 5 5 Direct materials (ounces) per kit Direct materials needed for production 2.750 2,650 1,750 3.750 10,900 Plus: Desired direct materials in ending inventory 530 350 750 210 210 Total direct materials needed 3.280 3,000 2,500 3.960 11,110 Less: Direct materials in buginning inventory 880 530 350 750 880 Budgeted purchases of direct materials 2.400 2.470 2,150 3.210 10,230 Direct materials cost per ounce $ 4 $ 4$ 41$ 41$ $ Budgeted cost of direct materials purchases 9,600 9,880 | 8,600$ 12,840 $ 40,920 Oliver, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 550 530 350 750 2,180 Direct labor hours per unit 0.50 0.50 0.50 0.50 0.50 Direct labor hours needed for production 275.00 265.00 175.00 375.00 1,090.00 Direct labor cost per hour $ 50 $ 50 $ 50 $ 50 $ 50 Budgeted direct labor cost 13,750 $ 13250 $ 8,750 $ 18,750 $ 54,500 Oliver, Inc, manufactures model airplane kits. Direct materials are five ounces of plastic per kit and the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0,50 hours of direct labor at an average cost of $50 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 budget Oliver projects sales of 400, 200, 700 and 650 kits for the next four quarters. Oliver has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goods id budget for the year. Round amounts to two decimal places Determine the cost per kit to manufacture the model alrplane kits. (Round your answers to two decimal places, SX.XX) Total projected manufacturing cost per kit c Question Viewer Choose from any list or enter any number in the input fields and then click Check Answer. part Check Answer Clear All TI/2020 Reference Ollver, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 550 530 350 750 2,180 5 5 5 5 5 Direct materials (ounces) per kit Direct materials needed for production 2.750 2,650 1,750 3.750 10,900 Plus: Desired direct materials in ending inventory 530 350 750 210 210 Total direct materials needed 3.280 3,000 2,500 3.960 11,110 Less: Direct materials in buginning inventory 880 530 350 750 880 Budgeted purchases of direct materials 2.400 2.470 2,150 3.210 10,230 Direct materials cost per ounce $ 4 $ 4$ 41$ 41$ $ Budgeted cost of direct materials purchases 9,600 9,880 | 8,600$ 12,840 $ 40,920 Oliver, Inc. Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 550 530 350 750 2,180 Direct labor hours per unit 0.50 0.50 0.50 0.50 0.50 Direct labor hours needed for production 275.00 265.00 175.00 375.00 1,090.00 Direct labor cost per hour $ 50 $ 50 $ 50 $ 50 $ 50 Budgeted direct labor cost 13,750 $ 13250 $ 8,750 $ 18,750 $ 54,500
