Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's PROBLEM SET A management predicts that 5,000 skis and 6,000 pounds of carbon fiber will be in inventory on June 30 of the current year and that 150,000 skis will be sold during the next (third) quarter. A set of two skis sells Problem 22-1A for $300. Management wants to end the third quarter with 3,500 skis and 4,000 pounds of carbon fiber in Manufacturing inventory. Carbon fiber can be purchased for $15 per pound. Each ski requires 0.5 hours of direct labor at pr $20 per hour. Variable overhead is applied at the rate of $8 per direct labor hour. The company budgets manufa fixed overhead of $1,782,000 for the quarter. Preparing production and cturing budgets C2 P1 Required 1. Prepare the third-quarter production budget for skis. 2. Prepare the third-quarter direct materials (carbon fiber) budget; include the dollar cost of purchases. 3. Prepare the direct labor budget for the third quarter. 4. Prepare the factory overhead budget for the third quarter. Check (1) Units manuf. 148.500 (2) Cost of carbon fiber purchases, $4,425,000