Hardy Company reports budgeted merchandise purchases below. For those purchases, $40\%$ of a month's purchases is paid in theRequired information!

Required information

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Black Diamond Company produces snowboards. Each snowboard requires $3$ pounds of carbon fiber. Management reports

that $5,300$ snowboards and $6,300$ pounds of carbon fiber are in inventory at the beginning of the third quarter, and that

$153,000$ snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with

$3,800$ snowboards and $4,300$ pounds of carbon fiber in inventory. Carbon fiber costs $$18$ per pound. Each snowboard

requires $0\mathrm{.}5$ hour of direct labor at $$23$ per hour. Variable overhead is budgeted at the rate of $$11$ per direct labor hour.

The company budgets fixed overhead of $$1,785,000$ for the quarter.

Prepare the direct labor budget for the third quarter.

$[$The following information applies to the questions displayed below.$]$

Black Diamond Company produces snowboards. Each snowboard requires $3$ pounds of carbon fiber. Management reports

that $5,300$ snowboards and $6,300$ pounds of carbon fiber are in inventory at the beginning of the third quarter, and that

$153,000$ snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with

$3,800$ snowboards and $4,300$ pounds of carbon fiber in inventory. Carbon fiber costs $$18$ per pound. Each snowboard

requires $0\mathrm{.}5$ hour of direct labor at $$23$ per hour. Variable overhead is budgeted at the rate of $$11$ per direct labor hour.

The company budgets fixed overhead of $$1,785,000$ for the quarter.

Required:

Prepare the production budget for the third quarter. Hint: Desired ending inventory units are given.Required information

$[$The following information applies to the questions displayed below.$]$

Black Diamond Company produces snowboards. Each snowboard requires $3$ pounds of carbon fiber. Management reports

that $5,300$ snowboards and $6,300$ pounds of carbon fiber are in inventory at the beginning of the third quarter, and that

$153,000$ snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with

$3,800$ snowboards and $4,300$ pounds of carbon fiber in inventory. Carbon fiber costs $$18$ per pound. Each snowboard

requires $0\mathrm{.}5$ hour of direct labor at $$23$ per hour. Variable overhead is budgeted at the rate of $$11$ per direct labor hour.

The company budgets fixed overhead of $$1,785,000$ for the quarter.

Prepare the direct materials budget for the third quarter.

month of purchase, and $60\%$ is paid in the first month after purchase. Prepare the schedule of cash payments for merchandise

purchases for September and October.