sheet 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 Requirement 1. Prepare Sosa's sales budget for the first quarter of 2025. Requirement 2. Prepare Sosa's production budget for the first quarter of 2025 . ase is direct labor hours. iegin by preparing the direct materials budget. Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX.) Review the production budget you prepared above. Review the production budget you prepared above. Review the direct labor budaet vou predared above. Requirement 4. Prepare Sosa'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 2025 . (Round all amounts to the nearest cent.) Requirement 5. Prepare Sosa's selling and administrative expense budget for the first quarter of 2025 . Review the sales budget you prepared above. Data table More info a. Budgeted sales are 1,800 youth bats and 3,000 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 250 youth bats at $12 each and 520 adult bats at $19 each. c. Desired ending Finished Goods Inventory is 250 youth bats and 350 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 52 ounces of wood per youth bat and 54 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 0.2 hours of direct labor; direct labor costs average $12 per hour. h. Variable manufacturing overhead is $0.60 per bat. i. Fixed manufacturing overhead includes $600 per quarter in depreciation and $4,030 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $13,000 per quarter for salaries; $1,000 per quarter for rent; $1,600 per quarter for insurance; and $50 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales