Skis, Inc., manufactures and sells snowboards. Skis manufactures a single model, the Pipex. In late 2020, Skis's management accountant gathered the following data to prepare budgets for January 2021: Data Table Direct materials Wood Fiberglass Materials and Labor Requirements 14 board feet (b.f.) per snowboard 12 yards per snowboard Direct manufacturing labor 5 hours per snowboard Print Done Requirement HOW Q0es predanno Quoder neio Skis management Team pener More Info Skis's CEO expects to sell 3,500 snowboards during January 2021 at an estimated retail price of $950 per board. Further, the CEO expects 2021 beginning inventory of 800 snowboards and would like to end January 2021 with 900 snowboards in stock. The inventoriable unit cost for ending finished goods inventory on December 31, 2020, is $190.00. Assume Skis uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. Requirement 4. Prepare a direct manufacturing labor budget for January 2021. (Abbreviation used: DMLH = Direct manufacturing labor hours.) Direct Manufacturing Labor Costs Budget For January 2021 Snowboards Output Units DMLH Total Hourly Produced per Unit 5 Hours Wage Rate Total 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.) Variable manufacturing overhead costs Now prepare the manufacturing overhead cost budgets. Manufacturing Overhead Budget For January 2021 Variable manufacturing overhead costs Fixed manufacturing overhead costs Total