Wilber projects production at 350 330 150 and 400 kits for the next four quarters. Direct materials are 7 ounces of plastic per kit and the plastic costs $1per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 900 ounces, and the company desires to end each quarter with30% of the materials needed for the next quarter's production. Wilber desires a balance of 280 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct labor at an average cost of $ 50 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $ 0.70 per kit, and fixed overhead is $ 175per quarter.

Need need this done by 12 tonight please

Begin by preparing Wilbers direct materials budget. Wilber, Inc. Direct Materials Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Direct materials cost per unit Direct materials needed for production Plus: Total direct materials needed Less: Budgeted purchases of direct materials Prepare the direct labor budget. (Enter any hours amounts to two decimal places, X.xx, and round all other amounts to the nearest whole number.)