Polar Bear Sluggers manufactures wood baseball bats. Polar Bear Sluggers has two primary products, youth bats and adult bats. Polar Bear Sluggers sells all the bats to sporting goods stores and all sales are on accounts. The youth bats sell for $45,00 and the adult bats sell for $85,00. The highest sales volume is in the first three months of the year as retallers prepare for baseball starting in the spring. Polar Bear Stuggers batance sheet for December 31,2020 is as foltows: The following information is also included: a. Budgeted sales are 1,460 youth bats and 2,970 adult bats. b. Finished Goods inventory on December 31 consists of 210 youth bats at $8.00 each and 680 adults bats at $13.00 each. c. Desired ending Finished Goods Inventory is 180 youth bats and 300 adult bats; FIFO inventory costing method is used. d. Direct materials cost is $13,00 per youth bat and $4.00 per aduit bat. e. Desired ending Raw Materials Inventory is $8,400 (indirect materials are insignificant and not considered for budgeting purposes). f. Each bat requires 0.3 hours of direct labor; direct labor costs average $12.00 per hour. g. Variable manufacturing overhead is $0.80 per bat. h. Fixed manufacturing overhead includes $1,070 per quarter in depreciation and $5,310 per quarter for other costs. i. Fxed selling and administrative expenses include $5,170 per quarter for salaries; $4,560 per quarter for rent; $900 per quarter for insurance; and $550 per quarter for depreciation. 1. Variable selling and administrative expenses include supplies at 1.00% of sales. \begin{tabular}{|c|c|c|c|} \hline For the Qua & \begin{tabular}{l} ar Bear Slugg \\ Sales Budget \\ rter Ended Ma \end{tabular} & gers & \\ \hline & Youth Bats & Adult Bats & Total \\ \hline Budgeted bats to be sold & 1460V & 2970 & \\ \hline Sales price per bat & 450 & 85 & \\ \hline Total Sales & 65700 & 252450 & 318150 \\ \hline \end{tabular} Polar Bear Sluggers Production Budget For the Quarter Ended March 31, 2021 \begin{tabular}{|c|c|c|c|} \hline & Youth Bats & Adult Bats & Total \\ \hline Bats to be sold & 1460 & 2970 & 4430 \\ \hline Plus: Desired Ending Inventory & 180 & 300 & 480 \\ \hline Total Bats needed & 1640 & 3270 & 4910 \\ \hline Less: Bats in Beginning Inventory & 210 & 680 & 890 \\ \hline Budgeted bats to be produced & 1430 & 2590 & 4020 \\ \hline \end{tabular} Polar Bear Sluggers Direct Materials Budget For the Quarter Ended March 31, 2021 \begin{tabular}{|c|c|c|c|} \hline & Youth Bats & Adult Bats & Total \\ \hline Budgeted bats to be produced & 1430 & 2590 & 4020 \\ \hline Direct materials per bat & 13 & 42 & \\ \hline Direct materials needed for production & 18590 & 10360 & 28950 \\ \hline Plus desired direct materials in ending inventory & & & 8400 \\ \hline Total direct materials needed & & & 37350 \\ \hline Less: Direct materials in beginning inventory & & & 7000 \\ \hline Budgeted purchases of direct materials & & & 30350 \\ \hline \end{tabular} Polar Bear Sluggers Direct Labor Budget For the Quarter Ended March 31, 2021 \begin{tabular}{|c|c|c|c|} \hline & Youth Bats & Adult Bats & Total \\ \hline Budgeted bats to be produced & 1430 & 2590 & 4020 \\ \hline Direct labor hours per bat & 0.32 & 0.3 & 0.32 \\ \hline Direct labor hours needed for production & 429 & & 1206 \\ \hline Direct labor cost per hours & 12 & 1 & 12 \\ \hline Direct labor cost per hours & 5148 & 9324 & 14472 \\ \hline \end{tabular} Polar Bear Sluggers Manufacturing Overhead Budget For the Quarter Ended March 31, 2021 \begin{tabular}{l} \hline \\ \hline Budgeted bats to be produced \\ Variable overhead cost per bat \\ Budgeted variable overhead \\ Budgeted fixed overhead \\ Depreciation \\ Insurance and property taxes \\ Total fixed overhead budget \\ Budgeted manufacturing overhead costs \\ Direct Labour hours \\ \hline Predetermined overhead allocation rate \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline & \begin{tabular}{l} Polar Bea \\ Cost of Good \\ or the Quarter En \end{tabular} & & & \\ \hline & Youth Bats & & Total & \\ \hline Beginning Inventory & & x & & x \\ \hline \begin{tabular}{l} Bats produced and sold in \\ 1st quarter \end{tabular} & & x & & x \\ \hline \begin{tabular}{l} Total budgeted cost of \\ goods sold \end{tabular} & & x & & x \\ \hline \end{tabular}