Snowmass, Inc., manufactures and sells snowboards. Snowmass Other data include: manufactures a single model, the Pipex. In late 2020, Snowmass'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 other data.) (Click the icon to view the additional information.) The inventoriable unit cost for ending finished goods inventory on (Click the icon to view the direct materials inventories) December 31,2020 , is $240.00. Assume Snowmass uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. (Click the icon to view the additional information.) Data table More info Snowmass's CEO expects to sell 1,800 snowboards during January 2021 at an estimated retail price of $550 per board. Further, the CEO expects 2021 beginning inventory of 500 snowboards and would like to end January 2021 with 700 snowboards in stock. Data table More info Variable manufacturing overhead is $10 per direct manufacturing labor-hour. There are also $24,000 in fixed manufacturing overhead costs budgeted for January 2021. Snowmass 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 $260 per sales visit. The marketing plan calls for 35 sales visits during January 2021. Finally, there are $32,000 in fixed operating (nonmanufacturing) costs budgeted for January 2021. Data table 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 Snowmass, 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 Snowmass's management team better manage the company