Data table Property, Plant, and Equipment: a. Budgeted sales are 1,900 youth bats and 3,200 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 600 youth bats at $13 each and 450 adult bats at $17 each. c. Desired ending Finished Goods Inventory is 450 youth bats and 320 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 44 ounces of wood per youth bat and 58 ounces of wood per adult bat. The cost of wood is $0.35 per ounce. e. Raw Materials Inventory on December 31, 2024 consists of 27,000 ounces of wood at $0.35 per ounce. f. Desired ending Raw Materials Inventory is 27,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.6 hours of direct labor, direct labor costs average $20 per hour. h. Variable manufacturing overhead is $0.80 per bat. 1. Fixed manufacturing overhead includes $400 per quarter in depreciation and $10.204 per quarter for other costs. such as insurance and property taxes Fixed selling and administrative expenses include $10,000 per quarter for salaries: $3,000 per quarter for rent, $1,900 per quarter for insurance; and $450 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. The Sosa Batting Company manulactures wood baseball bats. Sosa's two primary products are a youth bat, designed for chidrea and young teens, and an adul bat, designed for Thigh school and college-aged players. Sosa sells the bats to sporting goods stoees and all sales are on account. The youth bat sels for $50, the aduil bat sells for $75 Sosa's highest salet volume is in the first three months of the year as retalers prepare for the spaing basebal season Sosa's balance sheet for Decenber 31 , 2024 , and other data for the first. quarter of 2025 follow: (Cick that icon to view tho balance sheet) CSick the icon to view the other data) Read the reauirements. Requirenven 1. Prepare Soba's sales budget for the firs quarter of 2026 . \begin{tabular}{l} Sosa Batting Company \\ Production Budget \\ For the Quarter Ended March 31,2025 \\ \hline \end{tabular} Requirement 3. Prepare Sosa's direct materials budget, direct labor budget, and manufacturing overhea allocation rate to two decimal places. The overhead allocation base is direct labor hours. \begin{tabular}{l} For the Quarter Ended March 31,2025 \\ \hline Direct materials per bat (ounces) \end{tabular} Direct materials needed for production Plus: Total direct materials needed Less: Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials Direct Labor Budget For the Quarter Ended March 31, 2025 \begin{tabular}{|llllll} \hline & Youth & Adult \\ \hline \end{tabular} Sosa Batting Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 VOH cost per bat Budgeted VOH Budgeted FOH Depreciation Depreciation Insurance and property taxes Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Requirement 4. Prepare Sosa's cost of goods sold budget for the first quarter of 2025 Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per bat for 2025 (Round all amounts Sosa Batting Company CostofGoodsSoldBudget Sosa Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Total budgeted selling and administrative expense
