Wilber, Inc. manufactures model airplane kits and projects production at 600, 360, 250, and 400 kits for the next four quarters. Direct materials are $6 per kit. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is $650, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Wilber desires a balance of $650 in Raw Materials Inventory at the end of the fourth quarter. 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. Variable overhead is $0.60 per kit, and fixed overhead is $125 per quarter. Prepare Wilber'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. Begin by preparing Wilber's direct materials budget. Wilber, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials cost per unit Direct materials needed for production Plus: Total direct materials needed Less: Budgeted purchases of direct materials Prepare the direct labor budget. (Enter any hours amounts to two decimal places, X.XX, and round all other amounts to the nearest whole number.)