de mecel, the plan in 2017, 's management Accountant gathered the Sieds, Inc., manufactures and sells s hcards. Sinds manufactures folosing data to prepare budgets for January 2018 Click the icon to view the materials and labor recuirements Other data include: Click the car to view the data) The inventorile unit cost b ring t he goods inventory on December 31, 2017, is 210.00. Asun Sledes direct materials and the goods. Igrore in ce in your c ns Read the rourements a FIFO inventory method for both Click the icon to view the additional information) Click the loon to view the anal formation) Mequirement Pro w y 2015 were veel in die Revenue Budget For January 2018 Units Selling price Totalraven 2.900 S B D S 2610.000 Stor Recurements Requirement 2. Preate the January 2018 p ustanbudet (in units) 2.400 Production Budget For January 2018 Budgie untis sales Add target endng finished goods inventory Total ured units 3.500 Daduct haghraing t adgande inventory 3000 Units of finished goods to be produced Requirement 3. Prepare the rest material usage and purchases budgets for January 2018 Hegn with the physical units portion, then prepare the cost budget portion of the direct material usage budget Direct Material Usage Budget In Quantity and Dollars For January 2018 Material Wood Fiberglass Total Physical Units Budget Direct materials required for Shanteerds 1 27000 Cost Budget Poslable from begining direct materials inventory (under a FIFO casetowassumption 1. Prepare the January 2018 revenues budget un dollars. Prepare the January 2018 production budget (in units). 3. Prepare the direct material usage and purchases budgets for January 2018 4. Prepare A direct manufacturing laboral hudget for January 2018 5. P remercurgerhand budget for January 2018 6. What is the budgetud murw.urry overhead role for January 2018? 7. What is the budgeted manufacturing overhead cost per output urit in January 2018 8. Calculate the nat of a snowtu maruwrad in January 2018 9. Prepare an ending investory budget for both direct materials and finished goods for January 2018. 10. Prepare a cost of goods sold budget for January 2018 11. Prepare the bucated nearre statement for Sleds, Inc., for January 2018 12. What questions might the CEO ak the management team when reviewing the budget? Should the CEO et rechargeis? Explain briefly 13. How dous preparrg the budget help Sede's management team better marecompany? To be purchased this period Fiber Direct mains to be used this period 0 Data Table i Data Table Materials and Labor Requirements Direct materials Wood Fiberglass Direct manufacturing labor 11 board feet (b.f.) per snowboard 9 yards per snowboard 9 hours per snowboard Wood Fiberglass Direct manufacturing labor $ $ $ 2017 Unit Price 32.00 per b.f. 8.00 per yard 28.00 per hour $ $ $ 2018 Unit Price 34.00 per b.f. 9.00 per yard 29.00 per hour Print Done Print Done i More Info More Info Sleds's CEO expects to sell 2,900 snowboards during January 2018 at an estimated retail price of $900 per board. Further, the CEO expects 2018 beginning inventory of 500 snowboards and would like to end January 2018 with 600 snowboards in stock Variable manufacturing overhead is $14 per direct manufacturing labor-hour. There are also $81,000 in fixed manufacturing overhead costs budgeted for January 2018. Sleds combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of S290 per sales visit. The marketing plan calls for 38 sales visits during January 2018. Finally, there are $35,000 in fixed nonmanufacturing costs budgeted for January 2018. Print Done Print Done 27,000 yds i Data Table Direct Materials Inventories Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 2,040 b.f. 1,540 b.f. 1,040 yards 2,040 yards Wood Fiberglass Print Done