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please help step by step Problem 20-1A Manufacturing: Preparing production and manufacturing budgets LO P1 [The following information applies to the questions displayed below.] Black
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Problem 20-1A Manufacturing: Preparing production and manufacturing budgets LO P1 [The following information applies to the questions displayed below.] Black Dlamond Company produces snow skis. Each skl requires 3 pounds of carbon fiber. The company's management predicts that 5,300 skls and 6,300 pounds of carbon fiber will be in Inventory on June 30 of the current year and that 153,000 skls will be sold during the next (third) quarter. A set of two skis sells for $330. Management wants to end the third quarter with 3,800 skis and 4,300 pounds of carbon fiber in Inventory. Carbon fiber can be purchased for $18 per pound. Each ski requires 0.5 hours of direct labor at $23 per hour. Varlable overhead Is applled at the rate of $11 per direct labor hour. The company budgets fixed overhead of $1,785.000 for the quarter. Problem 20-1A Part 2 2. Prepare the third-quarter direct materlals (carbon fiber) budget, Include the dollar cost of purchasesStep by Step Solution
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