Just follow the pictures dont use the numbers thats already typed.

The

Vinson

Batting Company manufactures wood baseball bats.

Vinson'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.

Vinson

sells the bats to sporting goods stores and all sales are on account. The youth bat sells for

$50;

the adult bat sells for

$75.

Vinson's

highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season.

Vinson's

balance sheet for

December

31,

2018,

and other data for the first quarter of

2019

follow:

The Vinson Batting Company manufactures wood baseball bats. Vinson'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. Vinson sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $50; the adult bat sells for $75. Vinson's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Vinson'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.) Click the icon to view the other data.) Read the requirements Requirement 1. Prepare Vinson's sales budget for the first quarter of 2019. Vinson Batting Company Sales Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be sold 1100 Sales price per unit Total sales Enter any number in the edit fields and then click Check Answer. ? x More Info a. Budgeted sales are 1,100 youth bats and 3,000 adult bats. Finished Goods Inventory on December 31, 2018, consists of 350 youth bats at $18 b. each and 750 adult bats at $15 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 64 ounces of d. wood per adult bat. The cost of wood is $0.40 per ounce. Raw Materials Inventory on December 31, 2018, consists of 29,000 ounces of wood e. at $0.40 per ounce. Desired ending Raw Materials Inventory is 29,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.3 hours of direct labor, direct labor costs average $24 per hour. h. Variable manufacturing overhead is $0.60 per bat. Fixed manufacturing overhead includes $800 per quarter in depreciation and $4,000 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $7,000 per quarter for salaries; $4,500 per quarter for rent; $1,400 per quarter for insurance; and $100 per quarter j. for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. Print Done - X i Data Table Vinson Batting Company Balance Sheet December 31, 2018 Assets Current Assets Cash 14,000 21,600 11,600 17,550 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation $ 64,750 165,000 (65,000) 100,000 $ Total Assets 164,750 Liabilities A 16,500 Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par $ Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 100,000 48,250 148,250 164,750 Print Done Mata Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2019 Youth Bats Total Beginning inventory $ 7,500 $ 7,040 $ 14,540 Bats produced and sold in 1st quarter of 2019 Total budgeted cost of goods sold Adult Bats Total Mata lire Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Budgeted bats to be produced 1.800 2.920 VOH cost per bat 0.80 $ 0.80 $ Budgeted VOH 1,440 $ 2,336 $ Budgeted FOH 4,720 0.80 $ $ GA 3,776 1,000 5,608 Depreciation Insurance and property taxes Total budgeted FOH Budgeted manufacturing overhead costs 6,608 $ 10,384 360 584 Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate $ $ 944 10,384 11.00 Requirement 4. Prepare Mata's cost of goods sold budget for the first quarter of 2019. Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per bat for 2019. (Round all amounts to the nearest cont.) Youth Bats Adult Bats Direct labor cost per bat 5.20 5 5.20 Manufacturing overhead cost per bat 2.20 2.20 Direct materials cost per bat 6.60 9.30 Total projected manufacturing cost per bat for 2019 1400 5 16.70 Mata Batting Company Direct Materials Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total 4,720 1,800 44 2.920 62 Budgeted bats to be produced Direct materials per bat (ounces) Direct materials needed for production Plus: Desired direct materials in ending inventory (ounces) 79,200 181,040 260,240 23,000 283,240 23,000 Total direct materials needed Less: Direct materials in beginning inventory (ounces) Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials 260,240 0.15 $ 39,036 Bats Direct Labor Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Budgeted bats to be produced 1,800 2,920 Direct labor hours per unit 0.20 Direct labor hours needed for production 584 Direct labor cost per hour 26 $ 26 $ Rudneted direct lahor cost 9,360 $ 15,184 $ Total 4,720 0.20 0.20 360 944 $ 26 $ 24,544