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Required informotion Problem 22-1A (Algo) Manufacturing: Preparing production, materials, labor, and overhead budgets LO P1 [The following information applies to the questions disployed betow] Biack Diamond Company produces snowbcards. Each snowboard requires 3 pounds of carbon fiber. Management reports that 5,300 snowboards and 6,300 pounds of carbon fiber are in inventory at the beginning of the third quartet, and that 153,000 snowboards are budgeted to be sold during the third quarter Management wants to end the therd quarter with 3,800 snowboards and 4,300 pounds of Carbon fiber in inventary Carbon fiber costs 518 per pound Each snowboard requires 0.5 hour of direct labor at $23 per hour. Variable overthead is budgeted at the rate of $11 per direct labor hour The company buigets fixed overhead of $1,785,000 for the quarter. Problem 22-1A (Algo) Part 1 Required: 1. Prepare the production budget for the third quarter Hint Desired ending inventory units are given Required information Problem 22-1A (Algo) Manufacturing: Preparing production, materials, labor, and overhead budgets LO P1 [The following information applies to the questions displayed below] Black Duamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fibet. Management reports that 5,300 snowboards and 6,300 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 153,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,800 snowboards and 4,300 pounds of carbon fiber in inventory Carbon fiber costs $18 per pound Each snowboard requires 0.5 hour of direct labor at $23 per hour. Variable overhead is budgeted at the rate of $11 per direct labor hour The company budgets fored overhead of $1785.000 for the quanter Problem 22-1A (Algo) Part 2 2. Prepare the ditect materials budget for the third quarter Problem 22-1A (Algo) Manufacturing: Preparing production, materials, labor, and overhead budgets LO P1 [The following information applies to the questions displayed below] Black Diamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fiber. Management reports that 5,300 snowboards and 6,300 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 153,000 snowboards are budgeted to be sold during the third quarter Management wants to end the third quarter with 3,800 snowboards and 4,300 pounds of carbon fiber in inventory. Carbon fiber costs $18 per pound. Each snowboard requires 0.5 hour of direct labor at $23 per hour. Variable overhead is budgeted at the rate of $11 per direct labor hour: The company budgets fixed overhead of $1,785,000 for the quarter Problem 22-1A (Algo) Part 3 3. Prepare the direct labor budget for the third quarter. Required information Problem 22-1A (Algo) Manufacturing: Preparing production, materials, labor, and overhead budgets LO P1 [The following information applies to the questions displayed below] Black Diamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fiber Management reports that 5,300 snowboards and 6,300 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 153,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,800 snowboards and 4,300 pounds of carbon fiber in inventory. Carbon fiber costs $18 per pound Each snowboard requires 0.5 hour of direct labor at $23 per hour, Variable overhead is budgeted at the rate of $11 per direct labor hour. The company budgets fixed overhead of $1,785,000 for the quarter Problem 22-1A (Algo) Part 4 4. Prepare the factory overhead budget for the third quartet