personnel, and $50 per hour to consulting personnel. Prepare a schedule of budgeted labor costs for 2017 using activity-based budgeting. Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company's management predicts that 5,000 skis and 6,000 pounds of carbon fiber will be in inventory on June 30 of the current year and that 150,000 skis will be sold during the next (third) quarter. A set of two skis sells per hour to audit personnel, $50 per hour to tax The con sconnect PROE Proble Manufa Prepari manufa C2 P for $300. Management wants to end the third quarter with 3,500 skis and 4,000 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $15 per pound. Each ski requires 0.5 hours of direct labor at 520 per hour . Variable overhead is applied at the rate of $8 per direct labor hour. The company budgets fixed overhead of $1,782,000 for the quarter. Required 1. Prepare the third-quarter production budget for skis. 2. Prepare the third-quarter direct materials (carbon fiber) budget; include the dollar cost of purchases. 3. Prepare the direct labor budget for the third quarter. 4. Prepare the factory overhead budget for the third quarter. Built-Tight is preparing its master budget for the quarter ended September 30, 2017. Budgeted sales and cash payments for product costs for the quarter follow: Check 148,50 fiber pu Proble Manuf budge P2 A B July $64,000 1 D September $48,000 August $80,000 2 | Budgeted sales 3 Budgeted cash payments for Direct materials Direct labor 16,160 4,040 13,440 3,360 16,800 13,760 3,440 17,200 non