i Data Table X 1 In at Cash $ 35,000 25,400 Accounts Receivable Raw Materials Inventory 12,600 18,350 91,350 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 140,000 (25,000) 115,000 $ 206,350 Total Assets Liabilities Current Liabilities: Accounts Payable 9,000 Stockholders' Equity Common Stock, no par 70,000 127,350 197,350 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 206,350 Print Done MacBook Air 50th aduthat colle for SRO Laminle biabost.coloculuma.le In the first thran mantheofthuc More Info a. Budgeted sales are 1,500 youth bats and 2,800 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 600 youth bats at $15 each and 850 adult bats at $11 each. c. Desired ending Finished Goods Inventory is 500 youth bats and 250 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 46 ounces of wood per youth bat and 64 ounces of wood per adult bat. The cost of wood is $0.45 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 28,000 ounces of wood at $0.45 per ounce. f. Desired ending Raw Materials Inventory is 28,000 ounces (indirect materials are 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 $0.60 per bat. i. Fixed manufacturing overhead includes $400 per quarter in depreciation and $11,840 per quarter for other costs, such as insurance and property taxes. 1. Fixed selling and administrative expenses include $15,000 per quarter for salaries; $5,000 per quarter for rent: $1,500 per quarter for insurance; and $300 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 1% of sales. alt Is Print Done then continue to the next question. MacBook Air The winting Company manufactures wood boots' orary procare a youtube for your budgehoor andere sporting Goods wors and we wenn, The youth balls for 150 battle for 560, whighest wis ne more year now for shoot for December 31, 2024, and other is for the first of 2025 follow then to view the eth) Requirements. Prepare ale budget for the fun of 2005 Irwitting Goran Budget For the Quarter Ench 31, 2025 Youth Adult Budgeted to be Samson The informing Company and wood basebalbut we's two primary products are your designed for children and young teen matbu, designed for Nighschool and college-aged players with sporting goods stores and all are on out. The youth bolas for the basis for 580. Irwin high volum in the first months of the years for the spring stolen, heet for December 31, 2014, and other data for the first of 2025 Ut www balance she click on to view the data Read the Requirement 1. Prepare was a budget for the first quarter of 2025 Irwin Butting Company Sales Budget For the Quarter Ended March 1, 2025 Youth Adult Bas Total Bad Blob Ses poc per Requi. Paser's production budget for the arter 2005 Irelating Company Production Bogel For Quarter Ended March 21, 225 You A Bals Total Choose from nortuber in the routes de continue to mention MacBook Air 888 bo esc :8 DU PE R2 FM A + # 3 e 2 3 $ 4 % 5 & 7 00 1 1 0 6 9 dele Q W E R T Y U 1 { I lab 1 i (Click the icon to view the other data.) Click the icon to view the balance sheet.) Read the requirements. Total sales Requirement 2. Prepare Irwin's production budget for the first quarter of 2025. Irwin Batting Company Production Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Plus: Total bats needed Less: Budgeted bats to be produced with the mother of the years or prepare for peng bebas December 31, 2024. doordan for the first quarter of 2005 follow on the best Click the love the one Requirements. Prepare Ir's direct budget director budget and manufacturing overhead budget for the first quarter of 2025. Round the promined overhead location rate we decimal faces. The action bilator hours Direct Materiais Budget For the Quarter Ended March 31, 2025 Youth Bats Adult Total Direct materials per bat (ources) Direct materials needed for production Plus Total direct materiais needed Budgeted purchases of direct materials Direct materials cost per Ounce Budgeted cost of direct materiais Budgeted cost of direct materials Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, Xxx Review the production budget you prepared above. Irwin Batting Company Direct Labor Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Direct labor hours needed for production Budgeted direct labor cost Prepare the manufacturing overhead budget. (Entet any per unit amounts to two decimal places, XJOC Abbraios used. VOH variable manufacturing overtad, FOH Teddaturing over Review the production budget you prepared above Review the direct labor budget you prepared above Chann from any list or enter any number in the input fields and then continue to the next Question Irwin The Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Total VOH cost per bal Budgeted VOH Budgeted FCH Depreciation Insurance and property taxes Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead cost Predetermined overhead allocation rate Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air bo 888 00 2 16 6 * 80 F3 esc F2 - A % - o @ & 7 9 ! $ 4 W # 8 6 5 6 1 2 0 P R T Y U E Q W Budgeted manufacturing overhead costs Predetermined overhead allocation rate Requirement 4. Prepare Irwin'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 nearest cont.) Youth Bats Adult Bats Total projected manufacturing cost per bat for 2025 Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Irwin Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2025 Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air ON DOO 888 53 80 F3 F4 F5 esc FI F2 A & @ * $ ? 6 7 8 Iwo primary products are a youth bat, designed for children and young teens, and an adult bat designed for high school and the age sporting goods stones and all sales are on account. The youth hat sets for $50, the adult bat sols for $60. Irwin's highest sales volume is in the first three months of the year as reales propre for the spring sheet for December 31, 2024, and other data for the first quarter of 2025 follow Click the icon to view the balance sheet.) (Click the icon to view the other data) Read the recents Total projected manufacturing cost per bat for 2025 Now prepare the cost of goods sold budget. Review the sales budget you prepared above Review the production budget you prepared above. Irwin Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2025 Youth Bats Adult Bats Total Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold Requirement 5. Prepare Irwin's selling and administrative expense budget for the first quarter of 2025 Review the sales budget you prepared above. Irwin Batting Company Selling and Administrative Expense Budget Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air DU 80 OOO G 11 F6 esc 74 15 FI F2 A & % ! N> # 3 $ 4 5 6 7 8 9 Youth Adult Bats Bats Total Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold Requirement 5. Prepare Irwin's selling and administrative expense budget for the first quarter of 2025 Review the sales budget you prepared above Irwin Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Total budgeted selling and administrative expense Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air bil DO 80 esc 888 14 TE SS F3 F! 57 F2 A $ @ & % # ! 1 00* 4 2 7 5 3 6 9 C Y R T