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help all requirements please The Cooke Batting Company manufactures wood baseball buits. Cooke's fwo primary producls are a youth bat, dosigned for children and young

help all requirements please
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The Cooke Batting Company manufactures wood baseball buits. Cooke's fwo primary producls are a youth bat, dosigned for children and young teans, and an adut bot designed for high school and college-aged players. Cooke sells the bats to sporting goods stores and all sales are on acoount. The youth bat sells for S60; the acdul bat selis for $75. Cooke's highest sales volume is in the first three months of the year as retailers prepare for the spring basebal season Cooke's balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow: (Click the icon to view the balance sheet.) (1) (Click the icon to vow the other data.) Read the Cooke Batting Company Balance Sheet. December 31, 2018 Assets Current Assets: Cash 545,000 Accounts Receivable 22,800 Raw Materials Inventory 6,600 Finished Goods Inventory 15,220 Total Current Assets $9,620 Property, Plant, and Equipment: Equipment 140,000 Less: Accumulated Depreciation (65,000) 75,000 Total Ansets 3164,620 Liakaties Current Liabilities Accounts Payable 514,500 Stockholders' Equity Common Stock, no par 150,000 Retained Earnings 120 Total Stockholders' Equity 150,120 Total Liabilities and Stockholders' Equity 5164,620 More info a. Budgeted sales are 1,800 youth bats and 3,100 adult bats. Finished Goods Inventory on December 31,2018, consists of 500 youth bats at $19 b. each and 520 adult bats at $11 each Desired ending Finished Goods Inventory is 550 youth bats and 450 adult bats, c. FIFO inventory costing method is used. Direct materials requirements are 52 ounces of wood per youth bat and 62 ounces of d. wood per adult bat. The cost of wood is $0.30 per ounce. Raw Materials Inventory on December 31,2018 , consists of 22,000 ounces of wood e. at $0.30 per ounce. Desired ending Raw Materials Inventory is 22,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.4 hours of direct labor; direct labor costs average $12 per hour. h. Variable manufacturing overhead is $0.90 per bat. Fixed manufacturing overhead includes $1,200 per quarter in depreciation and i. $15,880 per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $13,000 per quarter for salaries: $2,000 per quarter for rent; $1,500 per quarter for insurance; and $450 per quarter j. for depreciation. k. Variable selling and administrative expenses include supplies at 5% of sales Requirements 1. Prepare Cooke's sales budget for the first quarter of 2019. 2. Prepare Cooke's production budget for the first quarter of 2019 . 3. Prepare Cooke's direct materials budget, direct labor budget, and manufacturing overhead budget for the first quarter of 2019 . Round the predetermined overhead allocation rate to two decimal places. The overhead allocation base is direct labor hours 4. Prepare Cooke's cost of goods sold budget for the first quarter of 2019 5. Prepare Cooke's selling and administrative expense budget for the first quarter of 2019 Requirement 2. Prepare Cooke's production budget for the first quarter of 2019

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