Production Budget For the Quarter Ended March 31, 2021 Bats to be soid Plus: Desired Ending Inventory Total Bats needed Less: Bats in Beginning inventory Budgeted bats to be produced Polar Bear Sluggers Direct Materials Budget For the Quarter Ended March 31, 2021 Budgeted bats to be produced Direct materials per bat Direct materials needed for production Plus desired direct materials in ending inventory Total direct materials needed Less. Direct materials in beginning inventory Budgeted purchases of direct materials Polar Bear Sluggers Direct Labor Budget For the Quarter Ended March 31, 2021 \begin{tabular}{l} Budgeted bats to be produced \\ Direct labor hours per bat \\ Direct labor hours needed for production \\ Direct labor cost per hours \\ Direct labor cost per hours \\ \hline \end{tabular} 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 stor and all sales are on accounts. The youth bats sell for $40.00 and the adult bats sell for $80.00. highest sales volume is in the first three months of the year as retailers prepare for baseball starting in the spring. Polar Bear Sluggers balance sheet for December 31,2020 is as follows: a. Budgeted sales are 1,500 youth bats and 2,980 adutt bats. 6. Finished Goods inventory on December 31 consists of 240 youth bats at $10.00 each and 660 aduits bats at 513.00 each C Destred ending Finished Goods inventony is 220 youth bats and 320 adus inventory costing method is used. d. Ditect materiakgeithed is used. For the Quarter Ended March 31, 2021 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 Polar Bear Sluggers Cost of Goods Sold Budget For the Quarter Ended March 31, 2021 Polar Bear Sluggers Selling and Administration Budget For the Quarter Ended March 31, 2021 Administration Salaries Expense Rent Expense Insurance Expense Depreciation Expense, Admin Administration Supplies Expense The following information is also included: a. Budgeted sales are 1,500 youth bats and 2,980 adult bats. b. Finished Goods Inventory on December 31 consists of 240 youth bats at $10.00 each and 660 adults bats at $13.00 each. c. Desired ending Finished Goods Inventory is 220 youth bats and 320 adult bats; FIFO inventory costing method is used. d. Direct materials cost is $15.00 per youth bat and $4.00 per adult bat. e. Desired ending Raw Materials Inventory is $8,800 (indirect materials are insignificant and not considered for budgeting purposes). f. Each bat requires 0.4 hours of direct labor, direct labor costs average $14.00 per hour. g. Variable manufacturing overhead is $0.70 per bat. h. Fixed manufacturing overhead includes $1,100 per quarter in depreciation and $5,350 per quarter for other costs. 1. Fixed selling and administrative expenses include $5,000 per quarter for salaries, $4,410 per quarter for rent, $970 per quarter for insurance, and $450 per quarter for depreciation 1. Variable selling and administrative expenses include supplies at 1.30% of sales. Complete the following budgets: Production Budget For the Quarter Ended March 31, 2021 Bats to be soid Plus: Desired Ending Inventory Total Bats needed Less: Bats in Beginning inventory Budgeted bats to be produced Polar Bear Sluggers Direct Materials Budget For the Quarter Ended March 31, 2021 Budgeted bats to be produced Direct materials per bat Direct materials needed for production Plus desired direct materials in ending inventory Total direct materials needed Less. Direct materials in beginning inventory Budgeted purchases of direct materials Polar Bear Sluggers Direct Labor Budget For the Quarter Ended March 31, 2021 \begin{tabular}{l} Budgeted bats to be produced \\ Direct labor hours per bat \\ Direct labor hours needed for production \\ Direct labor cost per hours \\ Direct labor cost per hours \\ \hline \end{tabular} 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 stor and all sales are on accounts. The youth bats sell for $40.00 and the adult bats sell for $80.00. highest sales volume is in the first three months of the year as retailers prepare for baseball starting in the spring. Polar Bear Sluggers balance sheet for December 31,2020 is as follows: a. Budgeted sales are 1,500 youth bats and 2,980 adutt bats. 6. Finished Goods inventory on December 31 consists of 240 youth bats at $10.00 each and 660 aduits bats at 513.00 each C Destred ending Finished Goods inventony is 220 youth bats and 320 adus inventory costing method is used. d. Ditect materiakgeithed is used. For the Quarter Ended March 31, 2021 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 Polar Bear Sluggers Cost of Goods Sold Budget For the Quarter Ended March 31, 2021 Polar Bear Sluggers Selling and Administration Budget For the Quarter Ended March 31, 2021 Administration Salaries Expense Rent Expense Insurance Expense Depreciation Expense, Admin Administration Supplies Expense The following information is also included: a. Budgeted sales are 1,500 youth bats and 2,980 adult bats. b. Finished Goods Inventory on December 31 consists of 240 youth bats at $10.00 each and 660 adults bats at $13.00 each. c. Desired ending Finished Goods Inventory is 220 youth bats and 320 adult bats; FIFO inventory costing method is used. d. Direct materials cost is $15.00 per youth bat and $4.00 per adult bat. e. Desired ending Raw Materials Inventory is $8,800 (indirect materials are insignificant and not considered for budgeting purposes). f. Each bat requires 0.4 hours of direct labor, direct labor costs average $14.00 per hour. g. Variable manufacturing overhead is $0.70 per bat. h. Fixed manufacturing overhead includes $1,100 per quarter in depreciation and $5,350 per quarter for other costs. 1. Fixed selling and administrative expenses include $5,000 per quarter for salaries, $4,410 per quarter for rent, $970 per quarter for insurance, and $450 per quarter for depreciation 1. Variable selling and administrative expenses include supplies at 1.30% of sales. Complete the following budgets