Wilber, Inc. manufactures model t airplane kits and projects production at 400, 330, 250, and 800 kits for the next four quarters (Click the icon to view the manufacturing information) Prepare Wilber's direct materials budget, direct labor budget, and manufa Round other amounts to the nearest whole number turing overhead budget for the year. Round the direct labor hours needed lor production, budgeled overhead costs, and predelermined overhead allocation rale to two decimal Wilber, Inc Manufacturing Overhead Budget For the Year Ended December 31 First SecondThird Fourth Quarter Quarter Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead alocation rate Choose from any list or enter any number in the input fields and then dick Check Answier. All parts showing Check Answe Clear All 4/8/2019 1 S irect materials cost per ounce Budgeted cost of direct materials purchases Prepare the direct labor budget. (Enter any hours as a decimal to two places, XXX, and round all other amounts to the nearest whole number) 1,106 1,224 1,660 2,470 s 6,460 Wilber, Inc. Direct Labor Budget For the Year Ended December 31 SecondThird ter Quarter First Fourth Quarter Quarter Total 400 0 25 100.00 250 0.25 62.50 800 0.25 200.00 1,780 Budgeted kits to be produced Direct labor hours per unit Direct labor hours needed for production 330 0.25 82.50 445.00 15 3,000 s 6,675 15 S 15 S 15 S 15 $ Direct labor cost per hour 1,500 1238 $ 938 $ Budgeted direct labor cost Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All O Type here to search 1 Prepare Wilber's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed Round other amounts to the nearest whole number Wilber, Inc Direct Materials Budget For the Year Ended December 31 First SecondThird Quarter Quarter Quarter Quarter Fourth Total 330 4 1,320 300 1,620 396 1,224 250 800 1,780 Budgeted kits to be produced 4 Direct materials (ounces) per kit 3.2007,120 1,000 960 1,960 300 1,660 1,600 Direct materials needed for production 230 Plus Desired direct materials in ending inventory396 1,996 890 1,106 230 3,430 960 2.470 7,350 Total direct materials needed Less: Direct materials in beginning inventory Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials purchases 6.460 1.106 1,224 $1.660 $ 2470 S 6,460 Choose from any list or enter any number in the input fields and then click Check Answer Clear All All parts showing Type here to search get More Info N mber 3 Secon Quarte Direct materials are 4 ounces of plastic per kit and the plastic costs $1 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 890 ounces, and the company desires to end each quarter with 30% of the materials needed for the next quarters production. Wilber desires a balance of 230 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 025 hours of direct labor at arn average cost of $15 per hour. Manufacturing overhead is allocated using direct 3labor hours as the allocation base. Variable overhead is $0.25 per kit, and fixed overhead is $170 per quarter Print Done