Trevor inc. manufactures model airplane kits and projects production at 150, 530, 300, and 750 kits for the next four quarters. manufacturing information: direct materials are 4 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. beginning raw materials inventory is 900 ounces, and the company desires to end each quarter with 30% of the materials needed for the next quarter's production. trevor desires a balance of 260 ounces in raw materials inventory at the end of the fourth quarter. each kit requires0.50hours of direct labor at an average cost of $30 per hour. manufacturing overhead is allocated using direct labor hours as the allocation base. variable overhead is $0.25 per-kit, and fixed overhead is $150 per quarter. prepare trevor 's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. round other amounts to the nearest whole number. begin by preparing trevor 's direct materials budget.