\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{\begin{tabular}{c} Polar Bear Sluggers \\ Direct Materials Budget \\ For the Quarter Ended March 31, 2021 \end{tabular}} \\ \hline & Youth Bats & Adult Bats & Total \\ \hline \multicolumn{4}{|l|}{ Budgeted bats to be produced } \\ \hline \multicolumn{4}{|l|}{ Direct materials per bat } \\ \hline \multicolumn{4}{|l|}{ Direct materials needed for production } \\ \hline \multicolumn{4}{|l|}{ Plus desired direct materials in ending inventory } \\ \hline \multicolumn{4}{|l|}{ Total direct materials needed } \\ \hline \multicolumn{4}{|l|}{ Less: Direct materials in beginning inventory } \\ \hline Budgeted purchases of direct materials & & & \\ \hline \end{tabular} Polar Bear Sluggers manufactures wood baseball bats. Polar Bear Sluggers has two primary products, youth bats and adult bats. Polar Bear Sluggers sells all the bats to sporting goods stores and all sales are on accounts. The youth bats sell for $40.00 and the adult bats sell for $80.00. The highest sales volume is in the first three months of the year as retailers prepare for baseball starting in the spring. Polar Bear Sluggers balance sheet for December 31, 2020 is as follows: The following information is also included: a. Budgeted sales are 1,500 youth bats and 2,960 adult bats. b. Finished Goods Inventory on December 31 consists of 190 youth bats at $11.00 each and 620 adults bats at $12.00 each. c. Desired ending Finished Goods Inventory is 200 youth bats and 320 adult bats; FIFO inventory costing method is used. d. Direct materials cost is $12.00 per youth bat and $6.00 per adult bat. e. Desired ending Raw Materials Inventory is $8,800 (indirect materials are insignificant and not considered for budgeting purposes). f. Each bat requires 0.2 hours of direct labor; direct labor costs average $10.00 per hour. g. Variable manufacturing overhead is $0.80 per bat. h. Fixed manufacturing overhead includes $1,000 per quarter in depreciation and $5,320 per quarter for other costs. i. Fixed selling and administrative expenses include $5,130 per quarter for salaries; $4,380 per quarter for rent; $1,010 per quarter for insurance; and $490 per quarter for depreciation. j. Variable selling and administrative expenses include supplies at 1.00% of sales. \begin{tabular}{c} Polar Bear Sluggers \\ Selling and Administration Budget \\ For the Quarter Ended March 31, 2021 \\ Administration Salaries Expense \\ Rent Expense \\ Insurance Expense \\ Depreciation Expense, Admin. \\ Administration Supplies Expense \\ \hline Total Budgeted Selling \& Administration Expense \\ \hline \end{tabular} Polar Bear Sluggers Direct Labor Budget For the Quarter Ended March 31, 2021 \begin{tabular}{c} Budgeted bats to be produced \\ Direct labor hours per bat \\ Direct labor hours needed for production \\ Direct labor cost per hours \\ \hline Direct labor cost per hours \end{tabular} Polar Bear Sluggers Manufacturing Overhead Budget For the Quarter Ended March 31, 2021 \begin{tabular}{l} \hline \\ Budgeted bats to be produced \\ Variable overhead cost per bat \\ Budgeted variable overhead \\ Budgeted fixed overhead \\ Depreciation \\ Insurance and property taxes \\ Total fixed overhead budget \\ Budgeted manufacturing overhead costs \\ \hline Direct Labour hours \\ \hline Predetermined overhead allocation rate \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline & \begin{tabular}{r} Po \\ Cost 0 \\ For the Qua \end{tabular} & \begin{tabular}{l} Aggers \\ ld Budget \\ March 31, 20 \end{tabular} & \\ \hline & Youth Bats & Adult Bats & Total \\ \hline Beginning Inventory & & & \\ \hline \begin{tabular}{l} Bats produced and \\ sold in 1st quarter \end{tabular} & & & \\ \hline \begin{tabular}{c} Total budgeted \\ cost of goods sold \end{tabular} & & & \\ \hline \end{tabular}