Trevor, Inc. manufactures model airplane kits. Direct materials are four ounces of plastic per kit and the plastic costs $5 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.25 hours of direct labor at an average cost of $30 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. The company h prepared the following budgets: (Click the icon to view the budgets.) Trevor projects sales of 200, 300, 700, and 100 kits for the next four quarters. Trevor has no kits in beginning inventory. Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goods sold budget for the year. Round amounts to two decimal places. Determine the cost per kit to manufacture the model airplane kits. (Round your answers to two decimal places, $X.XX.) Reference Budgeted kits to be produced 360 800 2,010 360 4 500 4 4 Total projected manufacturing cost per kit 3,200 Direct materials (ounces) per kit Direct materials needed for production Plus: Desired direct materials in ending inventory Total direct materials needed 1,400 144 1.440 200 2,000 320 8.040 300 300 1,544 860 1,640 144 2.320 200 3,500 320 8,340 880 Less: Direct materials in beginning inventory Budgeted purchases of direct materials 7.480 684 5 $ 1,496 5$ 2,120 5$ 3,180 5$ $ 5 Direct materials cost per ounce $ 3,420 $ 7,480 $ 10,600 $ 15,900 $ 37,400 Budgeted cost direct materials purchases Trevor, Inc Direct Labor Budget For the Year Ended December 31 Firs Second Fourth Third Quarter Quarter Quarter Quarter Total 350 Budgeted kits to be produced 360 500 800 0.25 2,010 0.25 0.25 0.25 0.25 Direct labor hours per unit Direct labor hours needed for production 87.50 30 $ 90.00 30 $ 125.00 30 $ 200.00 30 502.50 30 $ Direct labor cost per hour $ 2,625 $ 2,700 $ 3,750 $ 6,000 $ 15,075 Budgeted direct labor cost Trevor, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted kits to be produced 350 0.60 360 0.60 500 0.60 $ 800 0.60 $ 2,010 0.60 $ VOH cost per kit Budgeted VOH Budgeted FOH $ 210.00 $ 140.00 216.00 $ 140.00 300.00 $ 140.00 480.00 $ 140.00 1,206.00 560.00 350.00 $ 366.00 $ 440.00 $ 620.00 $ 1,766.00 Budgeted manufacturing overhead costs Choose from any list or enter any number in the input fields and then click Check Answer. Direct labor hours 87.50 90.00 125.00 200.00 502.50 1,766.00 part Budgeted manufacturing overhead costs Check