Sides, Inc, manufactures and sels snowboards, Sides manutactures a single model, the Pipex. In late 2020, Slides's management acoountant gathered the following data to prepare budpets for 3anuary 2021 : (Click the icon to vew the materials and labor requirements) (Click the icon to vew the additonal inlormation.) (Click the icon to view the direct materials inventories) (Clek the icon to viow the additional information.) Oeher data include: IIII (Click the icon to view the other data). The inventoriable unit cost for ending finished goods inventory on December 31, 2020, is $17500. Assume sides uses a FIFO irventory method for boeh direct materlals and finished goods. lonore work in process in your calculations. Read the Requirement 1. Prepare the danuary 2021 revenues budget (in dollars). Requirement 2. Prepase the January 2021 production budget (in uniss). Data table Data table Data table More info Variable manufacturing overhead is $18 per direct manufacturing labor-hour. There are also $60,000 in fixed manufacturing overhead costs budgeted for January 2021. Slides combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $330 per sales visit. The marketing plan calls for 42 sales visits during January 2021. Finally, there are $39,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. More info Slides's CEO expects to sell 3,700 snowboards during January 2021 at an estimated retail price of $960 per board. Further, the CEO expects 2021 beginning inventory of 500 snowboards and would like to end January 2021 with 800 snowboards in stock. Requirements 1. Prepare the January 2021 revenues budget (in dollars). 2. Prepare the January 2021 production budget (in units). 3. Prepare the direct material usage and purchases budgets for January 2021. 4. Prepare a direct manufacturing labor costs budget for January 2021. 5. Prepare a manufacturing overhead costs budget for January 2021. 6. What is the budgeted manufacturing overhead rate for January 2021? 7. What is the budgeted manufacturing overhead cost per output unit in January 2021? 8. Calculate the cost of a snowboard manufactured in January 2021. 9. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. 10. Prepare a cost of goods sold budget for January 2021. 11. Prepare the budgeted operating income statement for Slides, Inc., for January 2021. 12. What questions might the CEO ask the management team when reviewing the budget? Should the CEO set stretch targets? Explain briefly. 13. How does preparing the budget help Slides's management team better manage the company? Requirement 1. Prepare the January 2021 revenues budget (in dollars). Revenue Budget For January 2021 Requirement 2. Prepare the January 2021 production budget (in units). 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