only need help with requirment 3

The Irwin Batting Company manufactures wood baseball bats. Irwin'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. Irwin sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $35; the adult bat sells for $85. Irwin's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season Irwin'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.) Sales Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Budgeted bats to be sold 1.000 2,900 Sales price per unit S 35 $ 85 Total sales $ 35.000 $ 246,500 $ Total 3.900 281,500 Requirement 2. Prepare Irwin's production budget for the first quarter of 2019 Irwin Batting Company Production Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total NA Requirement 2. Prepare Irwin's production budget for the first quarter of 2019. Irwin Batting Company Production Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Budgeted bats to be sold 1,000 2,900 Plus Desired bats in ending inventory 150 320 Total bats needed 1.150 3,220 Less: Bats in beginning inventory 200 560 Budgeted bats to be produced 950 2,660 Total 3,900 470 4,370 760 3,610 The Irwin Batting Company manufactures wood baseball bats. Irwin'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. Irwin sells the bats to sporting goods stores and all sales are on account. The youth bat sells for 535, the adult bat sells for $85. Irwin's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season Irwin'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) Requirement 3. Prepare Irwin'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. Irwin Batting Company Direct Materials Budget For the Quarter Ended Merch 31, 2019 Youth Adult Bats Bats Total Desired direct materials in ending inventory (ounces) Direct materials per bat (ounces) Direct materials needed for production Plus Total direct materials needed Los Irwin Batting company Direct Materials Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Desired direct materials in ending inventory (ounces) Direct materials per bat (ounces) Direct materials needed for production Plus: Total direct materials needed Less: Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials Irwin Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash $ 45,000 Accounts Receivable 18,500 4,200 14,640 $ 82,340 Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 150,000 (25,000) 125,000 Total Assets $ 207,340 Liabilities a. Budgeted sales are 1,000 youth bats and 2,900 adult bats. Finished Goods Inventory on December 31, 2018, consists of 200 youth bats at $20 b. each and 560 adult llats at $19 each. Desired ending Finished Goods Inventory is 150 youth bats and 320 adult bats; C. FIFO inventory costing method is used. Direct materials requirements are 42 ounces of wood per youth bat and 58 ounces d. of wood per adult bat. The cost of wood is $0.15 per ounce. Raw Materials Inventory on December 31, 2018, consists of 28,000 ounces of wood e. at $0.15 per ounce. Desired ending Raw Materials Inventory is 28,000 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 $20 per hour. h. Variable manufacturing overhead is $0.40 per bat. Fixed manufacturing overhead includes $500 per quarter in depreciation and $2,388 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $11,000 per quarter for salaries; $4,500 per quarter for rent; $1,100 per quarter for insurance; and $300 per quarter j. for depreciation. k. Variable selling and administrative expenses include supplies at 4% of sales