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I need help please The following information applies to the questions displayed below) Black Diamond Company produces snow skis. Each ski requires 2 pounds of
I need help please
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 5,200 skis and 6.200 pounds of carbon fiber will be in inventory on June 30 of the current year and that 152,000 skis will be sold during the next (third quarter. A set of two skis sells for $320. Management wants to end the third quarter with 3,700 skis and 4.200 pounds of carbon fiber in Inventory. Carbon fiber can be purchased for $17 per pound. Each skl requires 0.4 hours of direct labor at $22 per hour. Variable overhead is applied at the rate of $10 per direct labor hour. The company budgets fixed overhead of $1,784,000 for the quarter. 1. 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 2. Prepare the third-quarter direct materials (carbon fiber) budget; include the dollar cost of purchases. BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter Budgeted production 150,500 units Materials needed for production Total materials requirements (lbs.) Materials to be purchased (lbs.) Total cost of direct materials purchases 3. Prepare the direct labor budget for the third quarter. BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter Units to be produced Total labor hours needed Labor dollars 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Total labor hours needed FEEL
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