Requirement $5.$ Prepare Puckett's selling and administrative expense budget for the first quarter of $2025.$ More info

a$.$ Budgeted sales are $1,500$ youth bats and $3,500$ adult bats.

b$.$ Finished Goods Inventory on December $31,2024,$ consists of $500$ youth bats at $$10$

each and $560$ adult bats at $$15$ each.

c$.$ Desired ending Finished Goods Inventory is $220$ youth bats and $250$ adult bats;

FIFO inventory costing method is used.

d$.$ Direct materials requirements are $52$ ounces of wood per youth bat and $60$ ounces

of wood per adult bat. The cost of wood is $$0\mathrm{.}20$ per ounce.

e$.$ Raw Materials Inventory on December $31,2024,$ consists of $22,000$ ounces of wood

at $$0\mathrm{.}20$ per ounce.

f$.$ Desired ending Raw Materials Inventory is $22,000$ ounces $($indirect materials are

insignificant and not considered for budgeting purposes$).$

g$.$ Each bat requires $0\mathrm{.}1$ hours of direct labor; direct labor costs average $$15$ per hour.

h$.$ Variable manufacturing overhead is $$0\mathrm{.}50$ per bat.

i$.$ Fixed manufacturing overhead includes $$700$ per quarter in depreciation and $$182$

per quarter for other costs, such as insurance and property taxes.

j$.$ Fixed selling and administrative expenses include $$8,000$ per quarter for salaries;

$$1,500$ per quarter for rent; $$2,000$ per quarter for insurance; and $$350$ per quarter

for depreciation.

k$.$ Variable selling and administrative expenses include supplies at $1\%$ of sales. Data table

$\backslash$table$[[$Balance Sheet$],[$Assets$],[$Current Assets:$],[$Cash$,$$$,14,000,],[$Accounts Receivable,,$25,400,],[$Raw Materials Inventory,,$4,400,],[$Finished Goods Inventory,,$13,400,],[$Total Current Assets,,$$,57,200],[$Property$,$ Plant, and Equipment:$],[$Equipment$,,150,000,],[$Less: Accumulated Depreciation,,$(40,000),110,000],[$Total Assets,,$$,167,200],[$Liabilities$],[$Current Liabilities:$],[$Accounts Payable,,,$17,300],[$Stockholders$\text{'}$ Equity$],[$Common Stock, no par,$$,100,000,],[$Retained Earnings,,$49,900,],[$Total Stockholders' Equity,,,$149,900],[$Total Liahilities and Stoc.kholders' Er$,,,167,200]]$

Review the sales budget you prepared above.

Puckett Batting Company

Selling and Administrative Expense Budget

For the Quarter Ended March $31,2025$

Salaries Expense

Rent Expense

Insurance Expense

Depreciation Expense

Supplies Expense

Total budgeted selling and administrative expense