The Tation Toy Company manufactures toy bullding block sets for children. Triton is planning for $2025$ by developing a master budget by quarters. Triton's balance sheet for December $31,2024,$ follow$3$: $($Click the icon to view the balance sheet$).$

Other budget data for Triton Toy Company:

$($Click the icon to view the other diat?$)$

Read the requirements.

The Triton Toy Company manufactures toy building block sets for children. Triton is planning for $2025$ by developing a master budget by quarters. Triton's balance sheet for December $31,2024,$ follows:

$($Click the icon to view the balance sheet.$)$

Other budget data for Triton Toy Company:

$($Click the icon to view the other data.$)$

Read the requirements.

$\backslash$table$[[\backslash$table$[[$Triton Toy Company$],[$Direct Labor Budget$],[$For the Year Ended December $34,2025]]],[,\backslash$table$[[$First$],[$Quarter$]],\backslash$table$[[$Second$],[$Quarter$]],\backslash$table$[[$Third$],[$Quarter$]],\backslash$table$[[$Fourth$],[$Quarter$]],$Total$],[,,,,,],[,,,,,],[$Direct labor hours needed for production$],[,,,,,],[$Budgeted direct labor cost,,$/bar(C),/bar(),,]]$

The Triton Toy Company manulaciures toy building block sets for children. Triton is planning for $2025$ by developing a master budget by quarters. Triton's balance sheet for December $3.2024,$ follows:

$($Crick the icon to vlew the balance sheet$)$

Other budgel data for Triton Toy Company:

$($Click the icon to view the othet data.$)$

Read the requinements.

Begin by preparing the sales budget.

$\backslash$table$[[\backslash$table$[[$Triton Toy Company$],[$Sales Budget$],[$For the Year Ended December $34,2025]]],[,\backslash$table$[[$First$],[$Quarter$]],\backslash$table$[[$Second$],[$Quarter$]],\backslash$table$[[$Third$],[$Quarter$]],,\backslash$table$[[$Fourth$],[$Quarter$]],,$Total$],[$Burgeted sets to be sold,$1,500,1,650,1,800,,1,950,,6,900],[$Sales price per unit,$$,90,$$$,90,$$$,90,$$$,90],[,$$$,135,000,$$$148,500,$$$,162,000,$$$,175,500,$$$,621,000]]$

Prepare the production budget.

Review the sales budgel you prepared above.

More info

d$.$ Raw Matenals Inventory on December $31,2024,$ consists of $400$ pounds. Direct materials requirement is four pounds per set. The cost is $$1$ per pound.

e$.$ Desired ending Raw Materials Inventory is $10\%$ of the next quarter's direct materials needed for production; desired ending inventory for December $31,2025,$ is $400$ pounds; indirect materials are insigniflcant and not considered for budgeting purposes.

f$.$ Each set requires $0\mathrm{.}20$ hours of direct labor, direct labor costs average $8$ per hour.

g$.$ Variable manufacturing overhead is $$1\mathrm{.}60$ per sel.

h$.$ Fixed manulacturing overhead indudes $$2,500$ per quarter in deprectation and $$1,958$ per quanter for other costs, such as utillities, insurance, and property taxes.

i$.$ Fixed selling apd administrative expenses include $$14,000$ per quarter for salaries, $$4,200$ per quarter for ren. $$1,950$ per quarier for insurance; and $$1,000$ per quarter for depreciation.

j$.$ Variable selling and administralive expenses include supplies at $3\%$ of sales

k$.$ Capital expenditures include $$55,000$ for new manufacturing equipment, to be purchased and paid for in the first quarter.

Cash reoeipts for sales on account are $50\%$ in the quarter of the sale and $50\%$ in the quarter following the sale; Accounts Receivable balance on December $31,2024,$ is expected to be receivec in the first quarter of $2025$; uncollectible accounts are considered insignificant and not considered for budgeting purposes.

m$.$ Direst materials nurchases are nain $60\%$ in the nuarter nutrchacen and $40\%$ in the follownn nuartes

Calculator Ask my instructor

Done

The Triton Toy Company manufactures toy building block sets for children. Triton is planning for $2025$ by developing a master budget by quarters. Triton's balance sheet for December $31,2024,$ follows:

$($Click the icon to view the balance sheet.$)$

Other budget data for Triton Toy Company:

$($Click the icon to view the other data.$)$

Read the requirements.

$\backslash$table$[[\backslash$table$[[$Triton Toy Company$],[$Direct Labor Budget$],[$For the Year Ended December $34,2025]]],[,\backslash$table$[[$First$],[$Quarter$]],\backslash$table$[[$Second$],[$Quarter$]],\backslash$table$[[$Third$],[$Quarter$]],\backslash$table$[[$Fourth$],[$Quarter$]],$Total$],[,,,,,],[,,,,,],[$Direct labor hours needed for production$],[,,,,,],[$Budgeted direct labor cost,,$/bar(C),/bar(),,]]$

More info

c$.$ Desired endi