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I just need help with the direct materials purchases budget and everything else after that. Thank you! Statts, Ine, manufactures and sells snowboards. Slatts manufactures

I just need help with the direct materials purchases budget and everything else after that. Thank you! image text in transcribed
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Statts, Ine, manufactures and sells snowboards. Slatts manufactures a single modet, the Pipex, In late 2020, Statts's managoment accountant gathered the following data to prepare budgets for January 2021 (Click the icon to viow the materials and labor requirements) (Click the icon to viow the additional informasion) (Click the icon to view the direct materials invertorios) (Click the icon to viow the addeional information) Other duta include: (Cilck the icon to viow the other data) The inventeriable unit cost for ending flinished goods invectory on December is. 2020 , is $200 00. Assume Slats uses a FIFO imsentary method for both sired materials and finithed goods lgnore work in process in your calculatens Read the reculinements: Now prepare the direct material purchases budget for January 2021. More info Variable manufacturing overhead is $16 per direct manufacturing labor-hour. There are also $98,000 in fixed manufacturing overhead costs budgeted for January 2021. Slatts 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 $310 per sales visit. The marketing plan calls for 40 sales visits during January 2021 . Finally, there are $37,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. 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 Slatts, 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. Data table Data table Data table Data table More info Slatts's CEO expects to sell 3,400 snowboards during January 2021 at an estimated retail price of $1,000 per board. Further, the CEO expects 2021 beginning inventory of 700 snowboards and would like to end January 2021 with 800 snowboards in stock

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