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hello please make it to where it does not cut off on the sides and i can see the answer fully thank you! Mata Batting
hello please make it to where it does not cut off on the sides and i can see the answer fully thank you!
Mata Batting Company Balance Sheet December 31, 2024 Assets Current Assets Cash Accounts Receivable a. Budgeted sales are 1,000 youth bats and 3.000 adult bats b. Finished Goods Inventory on December 31, 2024, consists of 600 youth bats at $18 each and 850 adult bats at $19 each c. Desired ending Finished Goods Inventory is 250 youth bats and 550 adult bats, FIFO inventory costing method is used d. Direct materials requirements are 40 ounces of wood per youth bat and 60 ounces of wood per adult bat. The cost of wood is $0.35 per ounce .. Raw Materials inventory on December 31, 2024. consists of 27.000 ounces of wood at $0 35 per ounce Desired ending Raw Materials inventory is 27.000 ounces (indirect materials are 45,000 18.500 Data table 9.450 26,950 $ 99.900 Raw Materials Inventory Finished Goods Inventory Total Current Assets Property. Plant, and Equipment Equipment Loss: Accumulated Depreciation wym insignificant and not considered for budgeting purposes) g. Each bat requires 0.5 hours of direct labor direct labor costs average $16 per hour h. Variable manufacturing overhead is 50.70 per bat Fixed manufacturing overhead includes $800 per quarter in depreciation and $205 per quarter for other costs, such as insurance and property taxes Fixed selling and administrative expenses polude $8,000 per quarter for salaries, $2.000 per quarter for rent, $1,800 per qualter for insurance, and 5300 per quarter for depreciation Variable selling and administrative expenses include supplies at 2% of sales 150,000 (35.000) 115,000 214,900 $ Total Assets 8,000 buth bat, de ccount. The ata's balanc ack on Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 110,000 96,900 206,900 Total Liabilities and Stockholders' Equity $ 214,900 The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $45, the adult bat sells for $55. Mata's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season Mata's balance sheet for December 31, 2024, and other data for the first quarter of 2025 follow Production Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats budged bats to be sold 1000 3000 Dared bats ending invertory 250 Total 4000 300 650 ck on Adult Youth Bats Bats Total 1000 3000 4000 8b0 250 550 Budgeted bats to be sold Plus: Desired bats in ending inventory Total bats needed Less: Bats in beginning inventory Budgeted bats to be produced 1250 3550 4800 14 Requirement 3. Prepare Mata's direct materials budget direct labor budget, and manufacturing overhead budget for the first quarter of 2025. Round the predetermined overhead allocation rate to two decimal places. The overhead allocation base is direct labor hours Begin by proparing the direct materials budget Mata Batting Company Direct Materials Budget For the Quarter Ended March 31, 2025 Youth Adult Total Bats Bats Youth Adult on Bats Bats Total Direct materials per bat (ounces) Direct materials needed for production Plus Total direct materials needed Less: Plus: Total direct materials needed Less: Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials Youth Adult Bats Bats Total Direct labor hours needed for production Budgeted direct labor cost Mata Batting Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total VOH cost per bat Budgeted VOH Budgeted FOH Depreciation Insurance and property taxes Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Raidnated manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Requirement 4. Prepare Mata'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 to the neares Youth Bats Adult Bats Total projected manufacturing cost per bat for 2025 Youth Adult Bats Bats Total Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. ck on Mata Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Feedback on fion For the Quarter Ended March 31, 2025 Total budgeted selling and administrative expense Step by Step Solution
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