Trevor Inc. manufactures model airplane kits. Direct materials are 5 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 0.75 hours of direct labor at an average cost of $25 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Determine the cost per kit to manufacture the model airplane kits.

Score: 3.75 of 15 pts 2 of 5 (4 completa) % E22-25 (similar to) Trevor, Inc., manufactures model airplane kits. Direct materials are 5 ounces of plastic per kit and the plastic costs $4 per Ounce Indirect materials are considered Insign $25 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.) Trevor projects sales of 200, 600, 400, and 100 kits for the next four quarters. Trevor has no kits in beginning inventory. Determine the cost per kt to manufacture them Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, sx.xx) Total projected manufacturing cost per kit 2 of 5 (4 complete) Reference Trevor, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 300 620 150 500 1,570 5 5 5 5 Direct materials (ounces) per kit 5 Direct materials needed for production 1,500 3,100 750 2,500 7,850 Plus: Desired direct materials in ending inventory 620 150 500 300 300 Total direct materials needed 2.120 3,250 1.250 2,800 8,150 Less: Direct materials in beginning inventory 950 620 150 500 950 Budgeted purchases of direct materials 1.170 2,630 1.100 2.300 7,200 4 $ Direct materials cost per ounce 4 $ 4 $ 4||$ $ 4,680 $ Budgeted cost of direct materials purchases 10,520 $ 4,400 $ 9,200 $ 28,800 Trevor, Inc Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 300 620 500 1,570 0.75 0.75 0.75 0.75 0.75 Direct labor hours per unit Direct labor hours needed for production 225.00 465.00 112.50 375.00 1,177.50 5 255 25$ 25 S 25$ 25 Direct labor cost ner hour 150 alds and Print Done Clear All Reference Third Fourth Quarter Quarter Total 150 500 0.75 Direct Labor Budget For the Year Ended December 31 First Second Quarter Quarter Budgeted kits to be produced 300 620 Direct labor hours per unit 0.75 0.75 Direct labor hours needed for production 225.00 465.00 $ Direct labor cost per hour 25 $ 25 $ $ Budgeted direct labor cost 5,625 $ 11,625 $ Trevor, Inc. Manufacturing Overhead Budget For the Year Ended December 31 1,570 0.75 0.75 112.50 25 $ 375.00 25 $ 1.177.50 25 2,813 $ 9,375 $ 29,438 First Second Third Quarter Fourth Quarter Quarter Quarter Total 300 0.40 $ 620 0.40 S 150 0.40 $ $ 500 0.40 $ 1,570 0.40 Budgeted kits to be produced VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs $ 120.00 5 130.00 248.00 S 130.00 60.00 $ 130.00 200.00 $ 130.00 828.00 520.00 $ 250.00 $ 378.00 $ 190.00 $ 330.00 $ 1.148.00 225.00 465.00 112.50 375.00 Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate 1,177.50 1,148.00 0.97 $ Print Done