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: Direct Material Requirements (per snowboard) Wood Fiberglass Direct Labor Requirements 5 board feet (b.f.) 6 yards 5 hours Expected sales during 2021 - 1000 units at $450 per unit The unit cost for ending FG inventory at 12/31/20 was $374.80. Ignore Work In Process The December 2021 Budget Includes the following selected balances: Cash $ 10,000.00 $ 850,000.00 Property, Plant, and Equipment Current Liabilities Capital Stock Long Term Liabilities $ 17,000.00 $ 178,000.00 $ 600,000.00 Expected inventory balances: Finished Goods 1/1/2021 100 12/31/2021 Wood Raw Material 2000 b.f. Fiberglass Raw Material 1000 yards 200 1500 b.f. 2000 yards Retained Earnings at balance at 12/31/20 $ 184,980.00 Required: Prepare the following reports for the year 2021 Other data: Unit Prices 1 Sales Budget in dollars Wood $30.00 per b.f. 2 Production Budget in units Fiberglass $5.00 per yard 3 Direct Materials Budget Direct labor $25.00 per hour 4 Direct Labor Budget 5 Manufacturing Overhead Budget Variable Overhead $7.00 per dlh 6 Predetermined Overhead Rate Fixed Overhead $66,000 7 Estimated Overhead to be Applied to One Snowboard Overhead Driver DL Hours 8 Calculate the cost to manufacture a snowboard 9 Variable marketing costs $250 per sales visits 10 Expected sales visits in 2021 Fixed non-overhead costs 30 11 $30,000 12 Budgeted Ending Inventory for Materials and Finished Goods Cost of Goods Sold Budget Budgeted Income Statement Budgeted Balance Sheet