Trevor, Inc. manufactures model airplane kits and projects production at 400,680, 150, and 750 kits for the next four quarters (Click the icon to view the manufacturing Information) Prepare Trevor'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 More Info Third Fourth Quarter Total Quarter 150 2 750 1980 Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Budgeted is to be produced 400 680 Direct materials (oucos) per kit 2 2 Direct materials needed for production 800 1300 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 Direct materials are 2 ounces of plasto per it and the plastic costs per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 930 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Trevor desires a balance of 240 ounces in Raw Materials inventory the end of the fourth quarter. Each it requires 025 hours of direct laboral average cost of $45 per hour Manufacturing overhead is located using direct labor hours as the allocation base Variable overhead is $0.75 perket, and fixed overhead is $145 per quarter 300 1500 30601 Print Done Budgeted cost of direct materials purchases