Ch 20 Prob 1 i Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. 2 Part 2 of 4 10 points ! Required information [The following information applies to the questions displayed below.] Black Diamond Company produces snowboards. Each snowboard requires 4 pounds of carbon fiber. Management reports that 6,600 snowboards and 7,600 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 166,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 5,100 snowboards and 5,600 pounds of carbon fiber in inventory. Carbon fiber costs $15 per pound. Each snowboard requires 0.4 hour of direct labor at $20 per hour. Variable overhead is budgeted at the rate of $10 per direct labor hour. The company budgets fixed overhead of $1,798,000 for the quarter. 2. Prepare the direct materials budget for the third quarter. Units to produce Answer is not complete. BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter Materials required per unit (pounds) Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases