(Click the icon to view the materials and labor requirements) (Click the icon to view the additional information) (Click the icon to view the direct materials inventories) (Click the icon to view the noditional information.) Data table More info Variable manufacturing overhead is $20 per direct manufacturing labor-hour. There are also $28,770 in fixed manufacturing overhead costs budgeted for January 2021. Snowmass combines both variable and foxed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $350 per sales visit. The marketing plan calls for 44 sales visits during January 2021 . Finally, there are $41,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. finished goods. Ignore work in process Read the requirements. Data table he Pipex. In late 2020, Snowmass's management accountant gathered the following data to repare budgets for January 2021: (Click the icon to viow the materials and labor requirements) (Click the icon to view the additional information.) (Click the icon to view the direct materials inventories) (Click the icon to view the other The inventoriable unit cost for ending $230.00. Assume Snowmass uses a finished goods. Ignore work in proces Read the requirements. Data table Snowmass, inc, manufactures and sols snowboards. Snowmass manulactures a single model, the Pipex. In late 2020, Snowmass's management acoountant gathered the following data fo prepare budgets for January 2021: (Clck the icon to view the materialt and labor requirements) (Clck the icon to vew the addifional informution) (Click the icon to vew the direct materiala inventeries) (Clock the ioon to vew the addfional information) Other data include: (Click the icon to view the other data) The inventoriabie unit cont for ending finished goods imentory on December. 31, 2020, is $230.00. Assume Snowmass uses a FiFO inventory methed for both direet materials and finished goods. lonore work in process in your caloulations. Road the Requirement 1. Prepare the danuary 2021 revenues budget (in dollars). Requirements 1. Prepare the January 2021 revenues budget (in dollars). 2. Prepare the January 2021 production budget (in units). 3. Prepare the direct material usage and purchases budgets for January 2021. 4. Prepare a direct manufacturing labor costs budget for January 2021. 5. Prepare a manufacturing overhead costs budget for January 2021. 6. What is the budgeted manufacturing overhead rate for January 2021? 7. What is the budgeted manufacturing overhead cost per output unit in January 2021 ? 8. Calculate the cost of a snowboard manufactured in January 2021. 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. 10. Prepare a cost of goods sold budget for January 2021. 11. Prepare the budgeted operating income statement for Snowmass, Inc., for January 2021. 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 Snowmass's management team better manage the company? (Click the icon to view the additional information.) (Click the icon to view the direct materials inventories) (Click the icon to view the additional information.) finished goods. Ignore work in process in your Read the requirements. More info Snowmass's CEO expects to sell 3,910 snowboards during January 2021 at an estimated retail price of $1,320 per board. Further, the CEO expects 2021 beginning inventory of 700 snowboards and would like to end January 2021 with 900 snowboards in stock. (Click the icon to view the materials and labor requirements) (Click the icon to view the additional information) (Click the icon to view the direct materials inventories) (Click the icon to view the noditional information.) Data table More info Variable manufacturing overhead is $20 per direct manufacturing labor-hour. There are also $28,770 in fixed manufacturing overhead costs budgeted for January 2021. Snowmass combines both variable and foxed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $350 per sales visit. The marketing plan calls for 44 sales visits during January 2021 . Finally, there are $41,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. finished goods. Ignore work in process Read the requirements. Data table he Pipex. In late 2020, Snowmass's management accountant gathered the following data to repare budgets for January 2021: (Click the icon to viow the materials and labor requirements) (Click the icon to view the additional information.) (Click the icon to view the direct materials inventories) (Click the icon to view the other The inventoriable unit cost for ending $230.00. Assume Snowmass uses a finished goods. Ignore work in proces Read the requirements. Data table Snowmass, inc, manufactures and sols snowboards. Snowmass manulactures a single model, the Pipex. In late 2020, Snowmass's management acoountant gathered the following data fo prepare budgets for January 2021: (Clck the icon to view the materialt and labor requirements) (Clck the icon to vew the addifional informution) (Click the icon to vew the direct materiala inventeries) (Clock the ioon to vew the addfional information) Other data include: (Click the icon to view the other data) The inventoriabie unit cont for ending finished goods imentory on December. 31, 2020, is $230.00. Assume Snowmass uses a FiFO inventory methed for both direet materials and finished goods. lonore work in process in your caloulations. Road the Requirement 1. Prepare the danuary 2021 revenues budget (in dollars). Requirements 1. Prepare the January 2021 revenues budget (in dollars). 2. Prepare the January 2021 production budget (in units). 3. Prepare the direct material usage and purchases budgets for January 2021. 4. Prepare a direct manufacturing labor costs budget for January 2021. 5. Prepare a manufacturing overhead costs budget for January 2021. 6. What is the budgeted manufacturing overhead rate for January 2021? 7. What is the budgeted manufacturing overhead cost per output unit in January 2021 ? 8. Calculate the cost of a snowboard manufactured in January 2021. 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. 10. Prepare a cost of goods sold budget for January 2021. 11. Prepare the budgeted operating income statement for Snowmass, Inc., for January 2021. 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 Snowmass's management team better manage the company? (Click the icon to view the additional information.) (Click the icon to view the direct materials inventories) (Click the icon to view the additional information.) finished goods. Ignore work in process in your Read the requirements. More info Snowmass's CEO expects to sell 3,910 snowboards during January 2021 at an estimated retail price of $1,320 per board. Further, the CEO expects 2021 beginning inventory of 700 snowboards and would like to end January 2021 with 900 snowboards in stock
