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Wilber, Inc. manufactures model airplane kits. Direct materials are seven ounces of plastic per kit and the plastic costs $2 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.50 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 has prepared the following budgets: Wilber projects sales of 350,300,500, and 800 kits for the next four quarters. Wilber 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 year. Round amounts to two decimal. of perund Reference and Third Fourth Quarter Total Quarter -porn 450 650 7 1,920 7 7 Torth Wilber, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Budgeted kits to be produced 400 420 7 7 Direct materials (ounces) per kit Direct materials needed for production 2,800 2.940 588 910 Plus: Desired direct materials in ending inventory Total direct materials needed 3,388 3,850 890 588 Less: Direct materials in beginning inventory 2.498 3,262 Budgeted purchases of direct materials s 2 $ 2 S Direct materials cost per ounce $ 4,996 $ 6,524 $ Budgeted cost of direct materials purchases 4,550 630 3,150 280 13.440 280 5.180 910 3,430 630 13,720 890 12,830 4.270 2 $ 2,800 2 $ 5,600 $ 8,540 $ 25,660 sold Done Print Done Wiber, Inc. manufactures model airplane is. Direct materiais e seven cunces of plastic per kit and the plastic costs $2 per ounce Indirect materials are considered insignificant and are not included in the budgeting processor requires 0.50 hours of direct laborat an average cost of $30 per hour. Manufacturing overhead is located ning direct labor hours as the location base. The company has prepared the following budget Click the icon to view the budgets) Wiber projects sales of 350, 300,600 and 800 kits for the next four quarters Water has no kits in beginning inventory. Determine the cost per kt to manufacture the model airplanes Proper acout of goods tole budget for the year Round amounts to two decimal places Determine the cost per il to manufacture the model planeta. Round your answers to two decin places, sxxx) Total projected manufacturing cost per Prepare a cost of goods sold buget for the year. (Complete a outdoor Wirbeine Cost of Goods Sold Budget For the Year Ended December First Second Third Quarter Quarter Quarter Fourth Quarter Total Wiberine.manutactures model planet Direct materials into seven ounces of plastic per it and the plastic costs $2 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Each requires 0.5 hours of direct laborat an average cost of $30 per hour. Manufacturing overhead is located using direct later hours at the allocation base. The company has prepared the following budgets Click the icon to view the budget Wiber project sale of 350, 300.500, and 800 kis for the next four quarters Wiber has nos in beginning invertory. Determine the cost per to manufacture the model airplanes. Prepare a cost of goods sold budget for the year Round amounts to two decimal places Total projected manufacturing cost per kit Prepare a cost of goods sold budget for the year. Complete winter o forces Wiber, Inc. Cost of Goods Sold Budget For the Year Ended December 31 Second Third Fourth Quan Quarter Quarter Total Os produced and sold Total budged cost of goods sold Wilber, Inc. manufactures model airplane kits. Direct materials are seven ounces of plastic per kit and the plastic costs $2 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Each kit requires 0.50 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 has prepared the following budgets: Wilber projects sales of 350,300,500, and 800 kits for the next four quarters. Wilber 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 year. Round amounts to two decimal. of perund Reference and Third Fourth Quarter Total Quarter -porn 450 650 7 1,920 7 7 Torth Wilber, Inc. Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Budgeted kits to be produced 400 420 7 7 Direct materials (ounces) per kit Direct materials needed for production 2,800 2.940 588 910 Plus: Desired direct materials in ending inventory Total direct materials needed 3,388 3,850 890 588 Less: Direct materials in beginning inventory 2.498 3,262 Budgeted purchases of direct materials s 2 $ 2 S Direct materials cost per ounce $ 4,996 $ 6,524 $ Budgeted cost of direct materials purchases 4,550 630 3,150 280 13.440 280 5.180 910 3,430 630 13,720 890 12,830 4.270 2 $ 2,800 2 $ 5,600 $ 8,540 $ 25,660 sold Done Print Done Wiber, Inc. manufactures model airplane is. Direct materiais e seven cunces of plastic per kit and the plastic costs $2 per ounce Indirect materials are considered insignificant and are not included in the budgeting processor requires 0.50 hours of direct laborat an average cost of $30 per hour. Manufacturing overhead is located ning direct labor hours as the location base. The company has prepared the following budget Click the icon to view the budgets) Wiber projects sales of 350, 300,600 and 800 kits for the next four quarters Water has no kits in beginning inventory. Determine the cost per kt to manufacture the model airplanes Proper acout of goods tole budget for the year Round amounts to two decimal places Determine the cost per il to manufacture the model planeta. Round your answers to two decin places, sxxx) Total projected manufacturing cost per Prepare a cost of goods sold buget for the year. (Complete a outdoor Wirbeine Cost of Goods Sold Budget For the Year Ended December First Second Third Quarter Quarter Quarter Fourth Quarter Total Wiberine.manutactures model planet Direct materials into seven ounces of plastic per it and the plastic costs $2 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Each requires 0.5 hours of direct laborat an average cost of $30 per hour. Manufacturing overhead is located using direct later hours at the allocation base. The company has prepared the following budgets Click the icon to view the budget Wiber project sale of 350, 300.500, and 800 kis for the next four quarters Wiber has nos in beginning invertory. Determine the cost per to manufacture the model airplanes. Prepare a cost of goods sold budget for the year Round amounts to two decimal places Total projected manufacturing cost per kit Prepare a cost of goods sold budget for the year. Complete winter o forces Wiber, Inc. Cost of Goods Sold Budget For the Year Ended December 31 Second Third Fourth Quan Quarter Quarter Total Os produced and sold Total budged cost of goods sold