Slides, inc, manutactures and selt snowboards. Slides munufactures a single model, the Peex in lese 2020, Shdes's manapement acocuntant gathered the following data so propare budpets for January 2021: (Click the icon to vee the materals and bbor requirements) (Click the icon to vew the adduonsi inlormation) (Click the icon to view the direct materials inventories) (Click the icon to viow the additiondinformation) Oeher data inelude: Ifil (Click the icon to vew the ether data) The inventoriatlo unit cost for ending finithed goods inventory on December 31, 2020, is $17500. Assume Stides uses a FIFO inverlory method for beth direct materials and fribhed goods. Ignore werk in process in your ealculations: Read the reguirements: Requirement 1, Prepare the January 2021 revenues budpet (is dollars). Requirement 2. Prepare the January 2021 production budget (in unts) Data table Data table w the direct materials inventories) Data table 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. More info Variable manufacturing overhead is $18 per direct manufacturing labor-hour. There are also $00,000 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. 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 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