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Problem $7-1$A $($Algo$)$ Manufacturing: Preparing production, materials, labor, and overhead budgets LO P$1$

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Black Diamond Company produces snowboards. Each snowboard requires $3$ pounds of carbon fiber. Management reports that $6,800$ snowboards and $7,800$ pounds of carbon fiber are in inventory at the beginning of the third quarter, and that $168,000$ snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with $5,300$ snowboards and $5,800$ pounds of carbon fiber in inventory. Carbon fiber costs $$17$ per pound. Each snowboard requires $0\mathrm{.}5$ hour of direct labor at $$22$ per hour. Variable overhead is budgeted at the rate of $$12$ per direct labor hour. The company budgets fixed overhead of $$1,800,000$ for the quarter.

Problem $7-1$A $($Algo$)$ Part $3$

$3.$ Prepare the direct labor budget for the third quarter.

$\backslash$table$[[$BLACK DIAMOND COMPANY,,$],[$Direct Labor Budget,,$],[$Units to produce,Third Quarter,$],[,,],[$Direct labor hours needed,,$],[,,],[$Cost of direct labor,,$]]$

$4.$ Prepare the factory overhead budget for the third year