Required information [The fovlowing information applies to the questions displayed below.] Black Diamond Company produces snowboards. Ench snowboard requires 2 pounds of carbon fibet Management reports that 5,000 snowboards and 6,000 pounds of carbon fiber are in imeentory at the beginning of the third quarter, and that 150,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,500 snowboards and 4,000 pounds of carbon tiber in inventory. Carbon fiber costs $15 per pound. Each snowbcart requires 0.5 hour of direct labor at $20 per hour. Variable ovethead is budgeted at the rate of $8 per direct labor hout. The company budgets fixed overhead of $1,782,000 for the quartet. Required: 1. Propare the production budget for the third quarter. Hint: Desired ending inventory units are given. 3. Prepare the direct labor budget for the third quarter. 4. Prepare the factory overhead budget for the third quarter. 1. Prepare the production budget for the third quarter. Hint: Desired ending inventory units are give 2. Prepare the direct materials budget for the third quarter. 3. Prepare the direct labor budget for the third quarter. 4. Prepare the factory overhead budget for the third quarter