6. Direct manufacturing labour budget (in dollars) 7. Budgeted finished goods inventory at December 31,2021 (in dollars) 8. What questions might the CEO ask the production manager when reviewing the production, direct materials, and direct manufacturing labour budgets? 9. How does preparing a budget help Chen Corporation's top management better manage the company? 6-32 Comprehensive operating budget. Skulas, Inc., manufactures and sells snowboards. Skulas manufactures a single model, the Pipex. In late 2021, Skulas's management accountant gathered the following data to prepare budgets for January 2022: Skulas's CEO expects to sell 2,900 snowboards during January 2022 at an estimated retail price of $650 per board. Further, the CEO expects 2022 beginning inventory of 500 snowboards and would like to end January 2022 with 200 snowboards in stock. Variable manufacturing overhead is $7 per direct manufacturing labour-hour. There are also $81,000 in fixed manufacturing overhead costs budgeted for January 2022. Skulas combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labour-hours. Variable marketing costs are allocated at the rate of $250 per sales visit. The marketing plan calls for 38 sales visits during January 2022. Finally, there are $35,000 in fixed nonmanufacturing costs budgeted for January 2022. Other data include The inventoriable unit cost for ending finished goods inventory on December 31,2021, is $374.80. Assume Skulas uses a FIFO inventory method for both direct materials and finished goods. Ignore work-in-process in your calculations. Required 1. Prepare the January 2022 revenues budget (in dollars). 2. Prepare the January 2022 production budget (in units). 3. Prepare the direct material usage and purchases budgets for January 2022. 4. Prepare a direct manufacturing labour costs budget for January 2022. 5. Prepare a manufacturing overhead costs budget for January 2022. 6. What is the budgeted manufacturing overhead rate for January 2022 ? 7. What is the budgeted manufacturing overhead cost per output unit in January 2022 ? 8. Calculate the cost of a snowboard manufactured in January 2022. 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2022. 10. Prepare a cost of goods sold budget for January 2022. 11. Prepare the budgeted income statement for Skulas, Inc., for January 2022. 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 Skulas's management team better manage the company