The following information applies to the questions displayed below] Black Diamond Company produces snowboard5. Each snowboard requires 2 potincts of carbon fiber. Managementroports that 5,600 snowboards and 6,600 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 156,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 4,100 snowboards and 4.600 pounds of carbon fiber in inventory. Carbon fiber cosis $21 per pound. Each snowboard requires 0.5 hour of direct labor at $26 per hour. Variable overhead is budgeted at the rate of $14 per direct labor hour. The compary budgets fixed overhead of $1,788,000 for the quarter: 2. Prepare the direct materials budget for the third quarter