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: (Click the icon to view the materials and labor requirements) (Click the icon to view the additional information.) (Click the icon to view the direct materials inventories) (Click the icon to view the other data.) (Click the icon to view the additional information.) Requirement 1. Prepare the January 2021 revenues budget (in dollars). 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. Direct Material Usage Budget in Quantity and Dollars Now prepare the direct material purchases budget for January 2021 . Requirement 4. Prepare a direct manufacturing labor budget for January 2021 . (Abbreviation used: DMLH = Di 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 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.) 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 10. Prepare a cost of goods sold budget for January 2021. Requirement 11. Prepare the budgeted operating income statement for Slaggs, Inc., 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.) 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.) \begin{tabular}{l} 3laggs's CEO expects to sell 1,300 snowboards during January 2021 at an estimated retail price of \\ i65 per board. Further, the CEO expects 2021 beginning inventory of 600 snowboards and would \\ ike to end January 2021 with 600 snowboards in stock. \\ \hline Data table \end{tabular} 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: (Click the icon to view the materials and labor requirements) (Click the icon to view the additional information.) (Click the icon to view the direct materials inventories) (Click the icon to view the other data.) (Click the icon to view the additional information.) Requirement 1. Prepare the January 2021 revenues budget (in dollars). 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. Direct Material Usage Budget in Quantity and Dollars Now prepare the direct material purchases budget for January 2021 . Requirement 4. Prepare a direct manufacturing labor budget for January 2021 . (Abbreviation used: DMLH = Di 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 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.) 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 10. Prepare a cost of goods sold budget for January 2021. Requirement 11. Prepare the budgeted operating income statement for Slaggs, Inc., 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.) 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.) \begin{tabular}{l} 3laggs's CEO expects to sell 1,300 snowboards during January 2021 at an estimated retail price of \\ i65 per board. Further, the CEO expects 2021 beginning inventory of 600 snowboards and would \\ ike to end January 2021 with 600 snowboards in stock. \\ \hline Data table \end{tabular}