Trevor, Inc. Direct Materials Budget For the Year Ended December 31 First Third Fourth Second Quarter Quarter Quarter Quarter Total 220 300 400 4 + 800 1.720 4 4 4 4 1600 176 880 240 1,200 640 3,200 300 6,880 300 Budgeted kits to be produced Direct materials (ounces) per kit Direct materials needed for production 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 1.776 880 1,120 176 1.840 240 3,500 640 7.180 880 944 2,860 896 4||$ 6,300 1,600 45 $ 4 $ 4 $ $ Budgeted cost of direct materials purchases 3,584 $ 3,776 $ 6,400 $ 11.440$ 25 200 Trevor, Inc. geted cost of direct materials purchases Trevor, Inc. Direct Labor Budget For the Year Ended December 31 First Second Quarter Quarter Third Fourth Quarter Quarter Total 400 0.75 220 0.75 300 0.75 800 0.75 1,720 0.75 Budgeted kits to be produced Direct labor hours per unit Direct labor hours needed for production 300.00 165.00 25 $ 225.00 25 $ 600.00 25 1.290.00 25 25||$ Direct labor cost per hour $ 7,500 $ 4,125$ 5,625 $ 15,000 32,250 Budgeted direct labor cost Tenun In Budgeted direct labor cost Trevor, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total 220 400 0.50 $ 300 0.50 $ 800 0.50 $ 1.720 0.50 $ 0.50 $ $ Budgeted kits to be produced VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs 200.00||$ 135.00 110.00 $ 135.00 150.00 $ 135.00 400 00||$ 135.00 860.00 540.00 $ 335.00 $ 245.00$ 285.00 $ 535.00 $ 1,400.00 300.00 165.00 225.00 600.00 Direct labor hours $ 1,290,00 1,400.00 1.09 Budgeted manufacturing overhead costs GA Predetermined overhead allocation rate Trevor, Inc. manufactures model airplane kits. Direct materials are four ounces of plastic per kit and the plastic costs $4 per ounce. In 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.) Trevor projects sales of 200, 100, 300, and 700 kits for the next four quarters. Trevor has no kits in beginning inventory. Determine the Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, sxxx.) Total projected manufacturing cost per kit the plastic costs $4 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.75 hours of direct labo e following budgets beginning inventory Determine the cost per kit to manufacture the model airplane loto. Prepare a cost of goods told budget for the year Round amounts to two decimal imal places, SXC) Significant and are not included in the budgeting process. Each kit requires 0.75 hours of direct labor at an average cost of $25 per hour Manufacturing nodel airplane kits Prepare a cost of goods sold budget for the year Round amounts to two decimal places
