Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 6000 snowboards and 7000 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 160000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 4500 snowboards and 5000 pounds of carbon fiber in inventory. Carbon fiber cost $25.00 per pound. Each snowboard requires 0.5 hour of direct labor at $30 per hour. Variable overhead is budgeted at the rate of $18 per direct labor hour. The company budgets fixed overhead of $1792000 for the quarter.

1. Prepare the production budget for the third quarter.
2. Prepare the direct materials budget for the third quarter.
3. Prepare the direct labor budget for the third quarter.
4. Prepare the factory overhead budget for the third quarter.