Sloane, Inc., manufactures and sells snowboards. Sloane manufactures a single model, the Pipex. In the summer of 2017, Sloane's management accountant gathered the following data to prepare budgets for 2018: Materials and Labour Requirements Direct materials Wood Fiberglass Direct manufacturing labour 9 board feet (b.f.) per snowboard 10 yards per snowboard 5 hours per snowboard Sloane's CEO expects to sell 2,900 snowboards during 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 500 snowboards and would like to end 2018 with 200 snowboards in stock. Beginning Inventory 1/1/2018 Wood Fiberglass Ending Inventory 12/31/2018 2,040 b.f 1,540 b.f 1,040 yards 2,040 yards Variable manufacturing overhead is $7 per direct manufacturing labour-hour. There are also $80,600 in fxed manufacturing overhead costs budgeted for 2018. Sloane combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labour-hours. Variable marketing costs are allocated at the rate of $250 per sales visit. The marketing plan calls for 38 sales visits during 2018. Finally, there are $35,000 in fixed nonmanufacturing costs budgeted for 2018. Other data include: 2017 Unit Price $32.00 per b.f 8.00 per yard 2018 Unit Price $34.00 per b.f.. $9.00 per yard Wood Fiberglass Direct manufacturing labour $28.00 per hour $29.00 per hour