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PLEASE ANSWER EACH REQUIREMENT!!!! Data Table More Info Irwin Batting Company Balance Sheet December 31, 2016 Assets a. Budgeted sales are 1,900 youth bats and

PLEASE ANSWER EACH REQUIREMENT!!!!

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Data Table More Info Irwin Batting Company Balance Sheet December 31, 2016 Assets a. Budgeted sales are 1,900 youth bats and 2,900 adult bats b. Finished Goods Inventory on December 31 consists of 450 youth bats at $19 each and 560 adult bats at $17 each Desired ending Finished Goods Inventory is 250 youth bats and 520 adult bats; FIFO inventory costing method is used Current Assets c. Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets 22,000 23,200 11,000 18,070 d. Direct materials cost is $12 per youth bat and $14 per adult bat e. Desired ending Raw Materials Inventory is $11,000 (indirect materials are f. g. Variable manufacturing overhead is $0.40 per bat. insignificant and not considered for budgeting purposes) Each bat requires 0.2 hours of direct labor; direct labor costs average $32 per hour 74,270 h. Fixed manufacturing overhead includes $900 per quarter in depreciation and Property, Plant, and Equipment $7,308 per quarter for other costs, such as insurance and property taxes i. Fixed selling and administrative expenses include $5,000 per quarter for Equipment Less: Accumulated Depreciation 140,000 (65,000) salaries; $5,500 per quarter for rent; $1,000 per quarter for insurance; and $50 per quarter for depreciation Variable selling and administrative expenses include supplies at 1% of sales 75,000 j. Total Assets $ 149,270 Liabilities Print Done Print Done

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