Other data include: $($Click the icon to view the other data.$)$ The inventoriable unit cost for ending finished goods inventory on December $31,2021,$ is $\backslash (\backslash$$ $300\mathrm{.}00\backslash ).$ Assume Slaggs uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. Required Requirement $3.$ Prepare the direct material usage and purchases budgets for January $2022.$

Begin with the physical units portion, and then prepare the cost budget portion of the direct material usage budget.

Direct Material Usage Budget in Quantity and Dollars

For January $2022$

Physical Units Budget

Direct materials required for

Snowboards b$.$f$.$ yds

Cost Budget

Available from beginning direct materials inventory $($under a FIFO cost$-$flow assumption$)$

Wood

Fibreglass

To be purchased this period

Wood

Fibreglass

Direct materials to be used this period Now prepare the direct material purchases budget for January $2022.$

Direct Materials Purchases Budget

For January $2022$

Requirement $4.$ Prepare a direct manufacturing labour budget for January $2022.($Abbreviation used: DMLH $=$ Direct manufacturing labour hours.$)$

Direct Manufacturing Labour Costs Budget

For January $2022$

Requirement $5.$ Prepare a manufacturing overhead budget for January $2022.$

Begin the manufacturing overhead cost budgets by first determining the formula. Then calculate the variable manufacturing overhead costs. $($Abbreviation used: Manuf. $\backslash (=\backslash )$ Manufacturing.$)$

$```$

$=$ Variable manufacturing overhead costs

$=$

$```$