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help me solve Required information Problem 22-1A Manufacturing: Preparing production and manufacturing budgets LO P1 [The following information applies to the questions displayed below.) Black

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Required information Problem 22-1A Manufacturing: Preparing production and manufacturing budgets LO P1 [The following information applies to the questions displayed below.) Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management predicts that 7000 skis and 8.000 pounds of carbon fiber will be in inventory on June 30 of the current year and that 170,000 skis will be sold during the next (third) quarter A set of two skis sells for $500. Management wants to end the third quarter with 5,500 skis and 6,000 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $19 per pound. Each ski requires 0.5 hours of direct labor at $24 per hour. Variable overhead is applied at the rate of $14 per direct labor hour. The company budgets fixed overhead of $1,802,000 for the quarter Problem 22-1A Part 1 Required: 7. Prepare the third-quarter production budget for skis BLACK DIAMOND COMPANY Production Budget (in units) Third Quarter Required units of available production Units to be manufactured Problem 22-1A Part 2 20 points 2. Prepare the third-quarter direct materials (carbon fiber) budget Include the dollar cost of purchases Skipped BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter eBook Budgeted production Ask Materials needed for production (lbs.) References Total materials requirements (lbs.) Direct materials to be purchased (lb) Budgeted cont of direct materials purchases Ask 3. Prepare the direct labor budget for the third quarter. References BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter Units to be produced Total labor hours needed Budgeted direct labor cost ASK Problem 22-1A Part 4 4. Prepare the factory overhead budget for the third quarter. References BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Total labor hours needed

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