image CoursHeroTranscribedText: ACFI-430 Cost Accounting Master Budget Assignment SPRING 2019 Slopes Inc. manufactures and sells snowboards. Slopes manufactures a single model, the Pipex. In the summer of 2011, Slopes' management accountant gathered the following data to prepare budgets for 2012: Materials and Labor Requirements erials Wood 5 board feet (b.f.) per snowboard Fiberglass 6 yards per snowboard Direct manufacturing labor 5 hours per snowboard Slopes' CEO expects to sell 1,000 snowboards during 2012 at an estimated retail price of $450 per board. Further, the CEO expects 2012 beginning inventory of 100 snowboards and would like to end 2012 with 200 snowboards in stock. Direct Materials Inventories Beginning Inventory 1/1/2012 Ending Inventory 12/31/2012 Wood 2,000 b.t. 1,500 b.f. Fiberglass 1,000 yards 2,000 yards Variable manufacturing overhead is $7 per direct manufacturing labor-hour. There are also $65,000 in fixed manufacturing overhead costs budgeted for 2012. Slopes combines both variable and fixed man- ufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $250 per sales visit. The marketing plan calls for 30 sales visits during 2012. Finally, there are $30,000 in fixed nonmanufacturing costs budgeted for 2012. Other data include the following: 2011 Unit Price 2012 Unit Price Wood $28.00 per b.f. $30.00 per b.f. Fiberglass $ 4.80 per yard $ 5.00 per yard Direct manufacturing labor $24.00 per hour $25.00 per hour The inventoriable unit cost for ending finished goods inventory on December 31, 2011, is $374.80. Assume Slopes uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. Budgeted balances at December 31, 2012, in the selected accounts are as follows: Cash $ 10,000 Property, plant, and equipment (net) 850,000 Current liabilities 17,000 Long-term liabilities 178,000 Stockholders' equity 800,000 Part I 1. Prepare the 2012 revenues budget (in dollars)

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