pt 3 of 1-3

The Mata Batting Company manufactures wood baseball bats. Mata'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. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat sols for $50; the adult bat sells for $75. Mata's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Mata's balance shoot for December 31, 2024, and other data for the first quarter of 2025 follow Click the icon to view the balance sheet.) (Click the icon to view the other data) Read the requirements Requirement 1. Propare Mata's sales budget for the first quarter of 2025 Mata Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Budgeted bats to be sold Salos price per unit Total sales Aclick the icon to view the other data Data Table Mata Batting Company Balance Sheet December 31, 2024 Assets $ 40,000 Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets 22,500 4,050 15,130 $ 81,680 8 w 78% 99+ Data Table Property, Plant, and Equipment: Equipment 115,000 (30,000) 85,000 Less: Accumulated Depreciation $ 166,680 Total Assets Liabilities Current Liabilities: Accounts Payable $ 16,500 Stockholders' Equity $ Common Stock, no par 150,000 180 Retained Earnings w 78% Data Table Less: Accumulated Depreciation 730,000) 85,000 $ 166,680 Total Assets Liabilities $ 16,500 Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par $ Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 150,000 180 150, 180 $ 166,680 O JUL 78% 99+ factures wood baseball bats. Mata's two primary products are a youth bat, designed for children ar ege-aged players. Mata sells the bats to sporting goods stores and all sales are on account. The yo svolume is in the first three months of the year as retailers prepare for the spring baseball season. ata for the first quarter of 2025 follow: Lancash AVClick the icon to view the other data More Info a. Budgeted sales are 1,500 youth bats and 3,600 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 450 youth bats at $17 each and 440 adult bats at $17 each c. Desired ending Finished Goods Inventory is 200 youth bats and 400 adult bats: FIFO inventory costing method is used. d. Direct materials requirements are 52 ounces of wood per youth bat and 64 ounces of wood per adult bat. The cost of wood is $0.15 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 27,000 ounces of wood at $0.15 per ounce. f. Desired ending Raw Materials Inventory is 27,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.3 hours of direct labor, direct labor costs average $12 per hour h. Variable manufacturing overhead is $0.80 per bat. 78% O PRI 99+ ore Info OTTOVUOTwovu por your bacaruv ounces of wood per adult bat. The cost of wood is $0.15 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 27,000 ounces of wood at $0.15 per ounce. f. Desired ending Raw Materials Inventory is 27,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.3 hours of direct labor; direct labor costs average $12 per hour. h. Variable manufacturing overhead is $0.80 per bat. i. Fixed manufacturing overhead incluves $900 per quarter in depreciation and $2,467 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $10,000 per quarter for salaries; $1,500 per quarter for rent; $1,500 per quarter for insurance; and $400 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 5% of sales. bant Click the icon to view the other data Requirements 1. Prepare Mata's sales budget for the first quarter of 2025. 2. Prepare Mata's production budget for the first quarter of 2025. 3. Prepare Mata's direct materials budget, direct labor budget, and manufacturing overhead budget for the first quarter of 2025. Round the predetermined overhead allocation rate to two decimal places. The overhead allocation base is direct labor hours. 4. Prepare Mata's cost of goods sold budget for the first quarter of 2025. 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025. Print Done Requirement 1. Prepare Mata's sales budget for the first quarter of 2025. Mata Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Budgeted bats to be sold 2 Sales price per unit Total sales Requirement 2. Prepare Mata's production budget for the first quarter of 2025. Mata Batting Company Production Budget For the Quarter Ended March 31, 2025 Requirement 2. Prepare Mata's production budget for the first quarter of 2025. Mata Batting Company Production Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Plus: Total bats needed Less: Budgeted bats to be produced inchaad heret fort Requirement 3. Prepare Mata's direct materials budget, direct labor budget, and manufacturing overhead budget for the first quarter of 2025. 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 Mata Batting Company Direct Materials Budget For the Quarter Ended March 31, 2025 Adult Bats Youth Bats Total Direct materials per bat (ounces) Direct materials nooded for production Plus Total direct materials needed Less Total direct materials needed Less: Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX.) Review the production budget you prepared above. Mata Batting Company Direct Labor Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Mata Batting Company Direct Labor Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Direct labor hours needed for production 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 labor budget you prepared above. Submit Mata Batting Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total VOH cost per bat Budgeted VOH Budgeted FOH Depreciation Insurance and property taxes Total budgeted FOH Budgeted manufacturing overhead costs Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Requirement 4. Prepare Mata's cost of goods sold budget for the first quarter of 2025. Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per bat for 2 Youth Bats Adult Bats Total projected manufacturing cost per bat for 2025 Now prepare the cost of goods sold budget. The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Mata Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Tool Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025, Review the sales budget you prepared above. Mata Batting Company re to search OBE 99+ % & 8 Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. Mata Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Total budgeted selling and administrative expense