Slopes, Inc. manufactures snowboards. It planned to sell 1,000 snowboards and produce 1,100 snowboards in 2016 Slopes' management accountant gathered the following data about Direct Materials and Direct Labor to prepare budgets: Materials and Labor Requirements Direct materials Wood 5 board feet (b.f.) per snowboard 6 yards per snowboard 5 hours per snowboard Fiberglass Direct manufacturing labor Required Direct Materials Levels Beginning Inventory 1/1/2016 Ending Inventory 12/31/2016 1,500 b.f. 2,000 yards Wood 2,000 b.f. Fiberglass 1,000 yards Budgeted price/cost of materials and labor Wood Fiberglass Direct manufacturing labor 2015 Price $28 per b.f. $4.80 per yard $24 per hour 2016 Price S30 per b.f. $5 per yard $25 per hour Assume Slopes uses a FIFO method for inventories Required: 1. 2. Prepare the direct material usage and purchases budgets for 2016 Prepare the direct labor budget for 2016