mules ols ces Slides, Inc., manufactures and sells snowboards. Slides manufactures a single model, the Pipex. In late 2020, Slides'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 additional information) Requirement 1. Prepare the January 2021 revenues budget (in dollars) Revenue Budget For January 2021 Units Selling price Total revenues Snowboards Other data include (Click the icon to view the other data.) Question Help C The inventoriable unit cost for ending finished goods inventory on December 31, 2020, is $200.00. Assume Slides uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations Read the requirements hs ry 202 dget 2021 price i Data Table Direct materials Wood Materials and Labor Requirements Fiberglass Direct manufacturing labor Ids and then click Check Answer. Print 13 board feet (b.f.) per snowboard 11 yards per snowboard 7 hours per snowboard Done - X Clear All th ve TJ i More Info Slides'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. me edit fields and then click Check Answer. Print Print Done Done - Clear All X i Data Table Wood Fiberglass Direct Materials Inventories Beginning Inventory January 1, 2021 fields and then click Check Answer. 2,060 b.f. 1,060 yards Print Done Ending Inventory January 31, 2021 1,560 b.f. 2,060 yards K Variable manufacturing overhead is $16 per direct manufacturing labor-hour. There are also $98,000 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 $310 per sales visit. The marketing plan calls for 40 sales visits during January 2021. Finally, there are $37,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. Print Done additiona Vari in fi and Var 40 Cos Data Table Wood Fiberglass Direct manufacturing labor me edit fields and then click Check Answer. $ $ $ 2020 Unit Price 34.00 per b.f. 10.00 per yard 30.00 per hour Print Done $ $ $ m 2021 Unit Price 36.00 per b.f. 11.00 per yard 31.00 per hour 00 for ng) X ells lide s fo ate ddit irec addit i Val 865955 in Va i Requiren 1. Prepare the January 2021 revenues budget (in dollars). 2. Prepare the January 2021 production budget (in units). 3. 4. 5. Prepare the direct material usage and purchases budgets for January 2021. Prepare a direct manufacturing labor costs budget for January 2021. Prepare a manufacturing overhead costs budget for January 2021. What is the budgeted manufacturing overhead rate for January 2021? What is the budgeted manufacturing overhead cost per output unit in January 2021? 6. 7. 8. 68 9. 10. 11. Calculate the cost of a snowboard manufactured in January 2021. Prepare an ending inventory budget for both direct materials and finished goods for January 2021. Prepare a cost of goods sold budget for January 2021. 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? edit fields and then click Check Answer. Print Done d go O inv proc 00 for ng) >