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Other data include Cick then the other det The inventore un cost for ending the goods inventory on December 31, 2020. $210.00 Asume Sites PFO nentory method for both direct materials and finished good gore work in proces in your callation Read there Skis, Inc., manufactures and sel snowboards. Skis manufactures a single model, the Pipex. In late 2020, Skis's management accountant gathered the following data to prepare budgets for January 2021 extent the materials and Interregi) Con to the Information) Click on to view the detail inventoria Ik ben to view the conforman Requirement 2. Prepare the 21 production but in the Production Budget For any 2021 Bus 2.100 od treening the inventory 600 Fatal eraatunt 1.500 Det begin her 500 Und good to be proud 1.000 Requirement. Prepare the director grad puthe buses for 2021 Blugin with the prywical units portion, the prepare the cost budget person of the direct material apeludgut. Direct Material Usage Budget in Quantity and Doors For January 2011 Mate Perless Total Physical Units Budget Det er for Wood ydi Data Table Materials and Labor Requirements Direct materials Wood 11 board feet (b.f.) per snowboard Fiberglass 9 yards per snowboard Direct manufacturing labor 9 hours per snowboard Print Done Data Table Direct Materials Inventories Beginning Inventory Ending Inventory January January 1, 2021 31, 2021 2,040 b.f. 1,540 b.f. 1,040 yards 2,040 yards Wood Fiberglass Print Done More Info Skis's CEO expects to sell 2,900 snowboards during January 2021 at an estimated retail price of $900 per board. Further, the CEO expects 2021 beginning inventory of 500 snowboards and would like to end January 2021 with 600 snowboards in stock. More Info Variable manufacturing overhead is $14 per direct manufacturing labor-hour. There are also $81,000 in fixed manufacturing overhead costs budgeted for January 2021. Skis combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $290 per sales visit. The marketing plan calls for 38 sales visits during January 2021. Finally, there are $35,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. Requirements co o 1. Prepare the January 2021 revenues budget (in dollars). 2. Prepare the January 2021 production budget (in units). 3. Prepare the direct material usage and purchases budgets for January 2021. 4. Prepare a direct manufacturing labor costs budget for January 2021. 5. Prepare a manufacturing overhead costs budget for January 2021. 6. What is the budgeted manufacturing overhead rate for January 2021? 7. What is the budgeted manufacturing overhead cost per output unit in January 2021? 8. Calculate the cost of a snowboard manufactured in January 2021. 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. 10. Prepare a cost of goods sold budget for January 2021. 11. Prepare the budgeted operating income statement for Skis, Inc., for January 2021. 12. What questions might the CEO ask the management team when reviewing the budget? Should the CEO set stretch targets? Explain briefly. 13. How does preparing the budget help Skis's management team better manage the company? Other data include Cick then the other det The inventore un cost for ending the goods inventory on December 31, 2020. $210.00 Asume Sites PFO nentory method for both direct materials and finished good gore work in proces in your callation Read there Skis, Inc., manufactures and sel snowboards. Skis manufactures a single model, the Pipex. In late 2020, Skis's management accountant gathered the following data to prepare budgets for January 2021 extent the materials and Interregi) Con to the Information) Click on to view the detail inventoria Ik ben to view the conforman Requirement 2. Prepare the 21 production but in the Production Budget For any 2021 Bus 2.100 od treening the inventory 600 Fatal eraatunt 1.500 Det begin her 500 Und good to be proud 1.000 Requirement. Prepare the director grad puthe buses for 2021 Blugin with the prywical units portion, the prepare the cost budget person of the direct material apeludgut. Direct Material Usage Budget in Quantity and Doors For January 2011 Mate Perless Total Physical Units Budget Det er for Wood ydi Data Table Materials and Labor Requirements Direct materials Wood 11 board feet (b.f.) per snowboard Fiberglass 9 yards per snowboard Direct manufacturing labor 9 hours per snowboard Print Done Data Table Direct Materials Inventories Beginning Inventory Ending Inventory January January 1, 2021 31, 2021 2,040 b.f. 1,540 b.f. 1,040 yards 2,040 yards Wood Fiberglass Print Done More Info Skis's CEO expects to sell 2,900 snowboards during January 2021 at an estimated retail price of $900 per board. Further, the CEO expects 2021 beginning inventory of 500 snowboards and would like to end January 2021 with 600 snowboards in stock. More Info Variable manufacturing overhead is $14 per direct manufacturing labor-hour. There are also $81,000 in fixed manufacturing overhead costs budgeted for January 2021. Skis combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $290 per sales visit. The marketing plan calls for 38 sales visits during January 2021. Finally, there are $35,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. Requirements co o 1. Prepare the January 2021 revenues budget (in dollars). 2. Prepare the January 2021 production budget (in units). 3. Prepare the direct material usage and purchases budgets for January 2021. 4. Prepare a direct manufacturing labor costs budget for January 2021. 5. Prepare a manufacturing overhead costs budget for January 2021. 6. What is the budgeted manufacturing overhead rate for January 2021? 7. What is the budgeted manufacturing overhead cost per output unit in January 2021? 8. Calculate the cost of a snowboard manufactured in January 2021. 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. 10. Prepare a cost of goods sold budget for January 2021. 11. Prepare the budgeted operating income statement for Skis, Inc., for January 2021. 12. What questions might the CEO ask the management team when reviewing the budget? Should the CEO set stretch targets? Explain briefly. 13. How does preparing the budget help Skis's management team better manage the company

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