missing part 4 and part 5 then all set

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The Vang Batting Company manufactures wood baseball bats. Vang'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. Vang sells the bats to sporting goods stores and all sales are on account The youth bat sells for $56; the adult bat sells for $75. Vang's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Vang's balance sheet for December 31, 2018, and other data for the first quarter of 2019 Data Table i More Info X Vang Batting Company Balance Sheet December 31, 2018 Assets Current Assets $ 10.000 25,400 10.000 15,650 Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property. Plant, and Equipment: Equipment Less: Accumulated Depreciation a. Budgeted sales are 1.500 youth bats and 2,900 adult bats. Finished Goods Inventory on December 31, 2018, consists of 550 youth bats at $13 b. each and 850 adult bats at $10 each Desired ending Finished Goods Inventory is 250 youth bats and 480 adult bats, C. FIFO inventory costing method is used. Direct materials requirements are 48 ounces of wood per youth bat and 80 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 25,000 ounces of wood e. at 50.40 per ounce Desired ending Raw Materials Inventory is 25,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.1 hours of direct labor, direct labor costs average $10 per hour. h. Variable manufacturing overhead is $0.80 per bat. Fixed manufacturing overhead includes $500 per quarter in depreciation and $242 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $11.000 per quarter for salaries: $2,000 per quarter for rent: $1,300 per quarter for insurance, and $200 per quarter 1. for depreciation k. Variable selling and administrative expenses include supplies at 3% of sales. S 61,050 115.000 (70.000) 45,000 $ 106,050 Total Assets Liabilities Current Liabilities: Print Done $ 10,500 Accounts Payable Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 60,000 35,550 1. Prepare Vang's sales budget for the first quarter of 2019. 2. Prepare Vang's production budget for the first quarter of 2019. 3. Prepare Vang'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 Vang's cost of goods sold budget for the first quarter of 2019. 5. Prepare Vano's sel ng and administrative exoense budoet for the first quarter 95,560 wer $ Total Liabilities and Stockholders' Equity 106,050 Requirement 1. Prepare Vang's sales budget for the first quarter of 2019. Vang Batting Company Sales Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Budgeted bats to be sold 1,500 2.900 $ 55 $ 75 Sales price per unit 82,500 $ 217,500 Total sales Total 4,400 $ 300,000 Requirement 2. Prepare Vang's production budget for the first quarter of 2018 Vang Batting Company Production Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Budgeted bats to be sold 1,500 2.900 Plus: Desired bats in ending inventory 250 400 Total bats needed 1.750 3,300 Less: Bats in beginning inventory 550 850 1,200 2,510 Budgeted bats to be produced Total 4,400 710 5.110 1,400 3.710 Requirement 3. Prepare Vang'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. Begin by preparing the direct materials budget Vang Batting Company Direct Materials Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be produced 1,200 2,510 3,710 Direct materials per bat (ounces) 46 Direct materials needed for production 55,200 150,600 205,800 Plus: Desired direct materials in ending inventory (ounces) 25,000 Total direct materials needed 230,800 Less: Direct materials in beginning inventory (Ounces) 25,000 Budgeted purchases of direct materials 205,800 Direct materials cost per ounce $ 82,320 Budgeted cost of direct materials 00 0.40 S Prepare the direct labor budget (Enter any hours per unit amounts to two decimal places, X.XX.) Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX.) Review the production budget you prepared above Vang Batting Company Direct Labor Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total 3,710 1.200 2,510 0.10 0.10 0.10 Budgeted bats to be produced Direct labor hours per unit Direct labor hours needed for production Direct labor cost per hour 120 251 371 105 10 $ 10 $ 1,200 S 2.510 | $ 3,710 Budgeted direct labor cost Prepare the manufacturing overhead budget. (Enter any per unit amounts to two decimal places, X.XX. Abbreviations used: VOH = variable manufacturing overhead: FOH = fixed manufacturing overhead.) Review the production budget you prepared above. Review the direct laber budget you prepared above. Review the production budget you prepared above. Review the direct labor budget you prepared above. Vang Tire Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Budgeted bats to be produced 1,200 2.510 0.80 $ 0.80 $ VOH cost per bat Budgeted VOH $ 960 s 2,008 | $ Budgeted FOH Depreciation Total 3,710 0.80 $ $ 2,988 500 242 Insurance and property taxes 742 Total budgeted FOH Budgeted manufacturing overhead costs $ 3.710 120 251 371 Direct labor hours Budgeted manufacturing overhead costs S 3,710 10.00 $ Predetermined overhead allocation rate Requirement 4. Prepare Vang'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 cent.) Youth Bats Adult Bats Total projected manufacturing cost per bat for 2018 Youth B Direct labor cost per bat Direct materials cost per bat Manufacturing overhead cost per bat Selling price per bat Youth Bats Direct labor cost per bat Direct materials cost per bat Manufacturing overhead cost per bat Selling price per bat ut fields and ti Youth B it fields and Direct labor cost per bat Direct materials cost per bat Manufacturing overhead cost per bat Selling price per bat remaining