Slaggs,

Inc., manufactures and sells snowboards.

Slaggs

manufactures a single model, the Pipex. In late

2020,

Slaggs's

management accountant gathered the following data to prepare budgets for January

2021:

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Part 1

Other data include:

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(Click the icon to view the other data.)The inventoriable unit cost for ending finished goods inventory on December 31,

2020,

is

$190.00.

Assume

Slaggs

uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations.Read the requirements

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Part 1

Requirement 1. Prepare the January

2021

revenues budget (in dollars).

Revenue Budget
For January 2021
	Units	Selling price	Total revenues
Snowboards

Part 2

Requirement 2. Prepare the January

2021

production budget (in units).

Data table 2020 Unit Price 2021 Unit Price Wood $ 35.00 per b.f. $ 37.00 per b.f. Fiberglass $ 11.00 per yard $ 12.00 per yard Direct manufacturing labor $ 31.00 per hour $ 32.00 per hour Direct Materials Inventories Beginning Inventory Ending Inventory January January 1, 2021 31, 2021 Wood 2,070 b.f. 1,570 b.f. Fiberglass 1,070 yards 2,070 yards Data table Materials and Labor Requirements Direct materials Wood Fiberglass Direct manufacturing labor 14 board feet (b.f.) per snowboard 12 yards per snowboard 5 hours per snowboard Print Done Data table 2020 Unit Price 2021 Unit Price Wood $ 35.00 per b.f. $ 37.00 per b.f. Fiberglass $ 11.00 per yard $ 12.00 per yard Direct manufacturing labor $ 31.00 per hour $ 32.00 per hour Direct Materials Inventories Beginning Inventory Ending Inventory January January 1, 2021 31, 2021 Wood 2,070 b.f. 1,570 b.f. Fiberglass 1,070 yards 2,070 yards Data table Materials and Labor Requirements Direct materials Wood Fiberglass Direct manufacturing labor 14 board feet (b.f.) per snowboard 12 yards per snowboard 5 hours per snowboard Print Done