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very importabt Check my work [The following information applies to the questions displayed below) Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of
very importabt Check my work [The following information applies to the questions displayed below) Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber Management reports that 6700 snowboards and 7700 pounds of carbon fiber are in Inventory at the beginning of the third quarter, and that 167,000 snowboards are budgeted to be sold during the third quarter Management wants to end the third quarter with 5,200 snowboards and 5,700 pounds of carbon fiber in inventory Carbon fiber costs $16 per pound. Each snowboard requires 0.5 hour of direct labor at $21 per hour. Variable overhead is budgeted at the rate of $11 per direct labor hour. The company budgets fixed overhead of $1,799,000 for the quarter Required: 1. Prepare the production budget for the third quarter. Hint: Desired ending inventory units are given BLACK DIAMOND COMPANY Production Budget (in units) es Third Quarter Total required units Units to produce HLUTOWSrlaunchUrl=https%253A%252F%252Fnewcor w Saved H LIE HUYUCILEI WIL J.LUU HUVUUGIUS Giuluu puurus I LAIVU HUT RIVEHUIY. LOIVU HUCI LUS pound. Each snowboard requires 0.5 hour of direct labor at $21 per hour. Variable overhead is budgeted of $11 per direct labor hour. The company budgets fixed overhead of $1,799,000 for the quarter. 2. Prepare the direct materials budget for the third quarter. BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter Units to produce Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases CO reports that 6,700 snowboards and 7,700 pounds of carbon fiber are in inventory at the begin quarter, and that 167,000 snowboards are budgeted to be sold during the third quarter. Mana the third quarter with 5,200 snowboards and 5,700 pounds of carbon fiber in inventory. Carte pound. Each snowboard requires 0.5 hour of direct labor at $21 per hour. Variable overhead of $11 per direct labor hour. The company budgets fixed overhead of $1,799,000 for the quar 3. Prepare the direct labor budget for the third quarter. BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter Units to produce Direct labor hours needed Cost of direct labor CEP SUN + + Neyt Saved Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon reports that 6,700 snowboards and 7,700 pounds of carbon fiber are in inventory at the beginnin quarter, and that 167,000 snowboards are budgeted to be sold during the third quarter. Managem the third quarter with 5,200 snowboards and 5,700 pounds of carbon fiber in inventory. Carbon pound. Each snowboard requires 0.5 hour of direct labor at $21 per hour. Variable overhead is bu of $11 per direct labor hour. The company budgets fixed overhead of $1,799,000 for the quarter. 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Direct labor hours needed W -S Mout
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