Answer 9-12

Beteve penses and Ansive operating budget Skuls, Inc.matures and sells sobo. Sasa se model the Pipex In late 2017. Sklass management accountant gathered the following e budgets for January 2018 Direct materials Wood Fiberglass Direct manufacturing labor Further the CEO expects 2018 beginning invertory of 500 snowboards and would like to and January CD expects to sell 2.500 snowboards during January 2018 at andre price of $850 por Materials and Labor Requirements 9 board for both per showboard 10 yards per snowboard Shours personboard grat 200 snowboards in stock Direct Materials inventories Beginning inventory 1/1/2018 Ending Inventory 131/2018 2,0401 1,500 1,040 yards 2.840 yards Ibod Ferplass acturing overhead is $7 per direct manufacturing labor hour. There are also $81.000 in find fcturing overhead costs budgeted for January 2018. Skis combines both variable and fored an overhead into a single rate based on direct mandaturing labor-hours. Variable marketing costs abcated at the rate of $250 per sales visit. The marketing plan calls for 38 sales visits during January Faly, there are $35,000 in fixed no manufacturing costs budgeted for January 2018 Other dates include: Wood Fiberglass Direct manufacturing labor 2017 Unit Price $32.00 per bi $ 8.00 per yard $28.00 per hour 2018 Unit Price $34.00 pet $9.00 per yard $29.00 per hour your calculations The eventoriable unit cost for ending finished-goods inventory on December 31, 2017, is $37480. Assume Ques uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process 1. Prepare the January 2018 revenues budget (in dollars). 2 Prepare the January 2018 production budget (in units) 1 Prepare the direct material usage and purchases budgets for January 2018. Prepare a direct manufacturing labor costs budget for January 2018 1 Prepare a manufacturing overhead costs budget for January 2018 What is the budgeted manufacturing overhead rate for January 2018? 2. What is the budgeted manufacturing overhead cost per output unit in January 2018? 1 Calculate the cost of a snowboard manufactured in January 2018 Prepare an ending inventory budget for both direct materials and finished goods for January 2018. Propare a cost of goods sold budget for January 2018. Il Prepare the budgeted income statement for Skulas, Inc., for January 2018 2 What questions might the CEO ask the management team when reviewing the budget? Should the CEO Set stretch targets? Explain briefly How does preparing the budget help Skulas's management team better manage the company