Radical Boards, Inc. manufactures and sells a single model of snowboard, the Vortex. In the summer of 2021, Iggy Sawdust, CPA, provided data for the 2021 budget: The unit cost for ending FG inventory at 12/31/20 was $374.80. Ignore Work In Process Direct Material Requirements (per snowboard) Wood 5 board feet (b.f.) Fiberglass 6 yards Direct Labor Requirements 5 hours The December 2021 Budget Includes the following selected balances: Cash $ 10,000.00 Property, Plant, and Equipment $ 850,000.00 Current Liabilities $ 17,000.00 Long Term Liabilities $ 178,000.00 Capital Stock $ 600,000.00 Expected sales during 2021 - 1000 units at $450 per unit Expected inventory balances: 1/1/2021 12/31/2021 Finished Goods 100 200 Wood Raw Material 2000 b.f. 1500 b.f. Fiberglass Raw Material 1000 yards 2000 yards Retained Earnings at balance at 12/31/20 $ 184,980.00 Other data: Wood Fiberglass Direct labor Unit Prices $30.00 per b.f. $5.00 per yard $25.00 per hour Variable Overhead Fixed Overhead Overhead Driver $7.00 per dih $66,000 DL Hours Required: Prepare the following reports for the year 2021 1 Sales Budget in dollars 2 Production Budget in units 3 Direct Materials Budget 4 Direct Labor Budget 5 Manufacturing Overhead Budget 6 Predetermined Overhead Rate 7 Estimated Overhead to be applied to One Snowboard 8 Calculate the cost to manufacture a snowboard 9 Budgeted Ending Inventory for Materials and Finished Goods 10 Cost of Goods Sold Budget 11 Budgeted Income Statement 12 Budgeted Balance Sheet Variable marketing costs Expected sales visits in 2021 Fixed non-overhead costs $250 per sales visits 30 $30,000 Part 1 - Sales Budget Part 3 - Direct Materials Budget 2021 Wood Fiberglass Total Estimated Unit Sales Unit Sales Price Estimated Dollar Sales $ 0 0 Material needed for production (units) Add: target ending inventory = Total Requirements Less: beginning inventory = Budgeted Direct Material Purchases x Cost per unit of Direct Material = Cost of Direct Materials Purchases Part 2 - Production Budget 0 0 $ $ $ Budgeted Unit Sales Add: ending FG inventory = Total Requirements Less: beginning FG inventory = Units to Produce 0 Part 3A - Direct Materials used Wood Total 0 Beginning Inventory Add: Purchases Less: Ending Inventory = Direct Materials Used $ $ $ $ Fiber Glass $ $ $ $