Requirement 11. Prepare the budgeted operating income statement for Skubas, Inc., for January 2021. Requirement 10. Prepare a cost of goods sold budget for January 2021. Requirement 12. What questions might the CEO ask the management team when reviewing the budget? Should the CEO set stretch targets? Explain briefly. First, select the questions that the CEO might ask the marketing manager. (Select all that apply.) Now, select the questions that the CEO might ask the production manager. (Select all that apply.) Requirement 8. Calculate the cost of a snowboard manufactured in January 2021. (Round your answers to the nearest whole dollar.) Unit Costs of Manufacturing Finished Goods For January 2021 \begin{tabular}{|c|c|c|} \hline Costperunit & Inputperunit & \\ \hline of input & of output & Total \\ \hline \end{tabular} Direct materials Wood Fiberglass Direct manufacturing labor Budgeted manufacturing overhead cost Total 13 b.f. 11 yds. 7hrs. Requirement 6 . What is the budgeted manufacturing overhead rate for January 2021 ? Begin by determining the formula, then enter the appropriate amounts to calculate the budgeted manufacturing overhead rate for January 2021. (Abbreviation used: Manuf. = Manufacturing. Round the overhead rate to the nearest cent.) ring overhead rate Requirement 7 . What is the budgeted manufacturing overhead cost per output unit in January 2021? Begin by determining the formula, then enter the appropriate amounts to calculate the budgeted manufacturing overhead cost per output unit in January 2021. (Abbreviation used: Manuf. = Manufacturing. Round the overhead cost per output unit to the nearest cent.) Requirement 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. (Round your answers to the nearest whole dollar.) Requirement 13 . How does preparing the budget help Skubas' management team better manage the company? Preparing a budget helps Skubas, Inc.: (Select all that apply.) Now prepare the direct material purchases budget for January 2021 . Requirement 3. Prepare the direct material usage and purchases budgets for January 2021. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget. Requirement 5. Prepare a manufacturing overhead budget for January 2021. Begin the manufacturing overhead cost budgets by first determining the formula, then calculate the variable manufacturing overhead costs. (Abbreviation used: Manuf. = Manufacturing.) Now prepare the manufacturing overhead cost budgets. Requirement 1 . Prepare the January 2021 revenues budget (in dollars). Requirement 2. Prepare the January 2021 production budget (in units). Skubas, Inc., manufactures and sells snowboards. Skubas manufactures a single model, the Pipex. In late 2020, Skubas's management accountant gathered the following data to prepare budgets for January 2021: (Click the icon to view the materials and labor requirements) Data table \begin{tabular}{|lc|} \hline \multicolumn{2}{|c|}{ Materials and Labor Requirements } \\ \hline Direct materials & \\ Wood & 13 board feet (b.f.) per snowboard \\ Fiberglass & 11 yards per snowboard \\ Direct manufacturing labor & 7 hours per snowboard \\ \hline \end{tabular} More info More info Data table Skubas's CEO expects to sell 3,400 snowboards during January 2021 at an estimated retail price of $1,000 per board. Further, the CEO expects 2021 beginning inventory of 700 snowboards and would like to end January 2021 with 800 snowboards in stock. Requirement 11. Prepare the budgeted operating income statement for Skubas, Inc., for January 2021. Requirement 10. Prepare a cost of goods sold budget for January 2021. Requirement 12. What questions might the CEO ask the management team when reviewing the budget? Should the CEO set stretch targets? Explain briefly. First, select the questions that the CEO might ask the marketing manager. (Select all that apply.) Now, select the questions that the CEO might ask the production manager. (Select all that apply.) Requirement 8. Calculate the cost of a snowboard manufactured in January 2021. (Round your answers to the nearest whole dollar.) Unit Costs of Manufacturing Finished Goods For January 2021 \begin{tabular}{|c|c|c|} \hline Costperunit & Inputperunit & \\ \hline of input & of output & Total \\ \hline \end{tabular} Direct materials Wood Fiberglass Direct manufacturing labor Budgeted manufacturing overhead cost Total 13 b.f. 11 yds. 7hrs. Requirement 6 . What is the budgeted manufacturing overhead rate for January 2021 ? Begin by determining the formula, then enter the appropriate amounts to calculate the budgeted manufacturing overhead rate for January 2021. (Abbreviation used: Manuf. = Manufacturing. Round the overhead rate to the nearest cent.) ring overhead rate Requirement 7 . What is the budgeted manufacturing overhead cost per output unit in January 2021? Begin by determining the formula, then enter the appropriate amounts to calculate the budgeted manufacturing overhead cost per output unit in January 2021. (Abbreviation used: Manuf. = Manufacturing. Round the overhead cost per output unit to the nearest cent.) Requirement 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. (Round your answers to the nearest whole dollar.) Requirement 13 . How does preparing the budget help Skubas' management team better manage the company? Preparing a budget helps Skubas, Inc.: (Select all that apply.) Now prepare the direct material purchases budget for January 2021 . Requirement 3. Prepare the direct material usage and purchases budgets for January 2021. Begin with the physical units portion, then prepare the cost budget portion of the direct material usage budget. Requirement 5. Prepare a manufacturing overhead budget for January 2021. Begin the manufacturing overhead cost budgets by first determining the formula, then calculate the variable manufacturing overhead costs. (Abbreviation used: Manuf. = Manufacturing.) Now prepare the manufacturing overhead cost budgets. Requirement 1 . Prepare the January 2021 revenues budget (in dollars). Requirement 2. Prepare the January 2021 production budget (in units). Skubas, Inc., manufactures and sells snowboards. Skubas manufactures a single model, the Pipex. In late 2020, Skubas's management accountant gathered the following data to prepare budgets for January 2021: (Click the icon to view the materials and labor requirements) Data table \begin{tabular}{|lc|} \hline \multicolumn{2}{|c|}{ Materials and Labor Requirements } \\ \hline Direct materials & \\ Wood & 13 board feet (b.f.) per snowboard \\ Fiberglass & 11 yards per snowboard \\ Direct manufacturing labor & 7 hours per snowboard \\ \hline \end{tabular} More info More info Data table Skubas's CEO expects to sell 3,400 snowboards during January 2021 at an estimated retail price of $1,000 per board. Further, the CEO expects 2021 beginning inventory of 700 snowboards and would like to end January 2021 with 800 snowboards in stock