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 Mata's sales budget for the first quarter of 2025. Data table a. Budgeted sales are 1,400 youth bats and 3,100 adult bats. b. Finished Goods Inventory on December 31,2024 , consists of 200 youth bats at $18 each and 850 adult bats at $11 each. c. Desired ending Finished Goods Inventory is 500 youth bats and 350 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 44 ounces of wood per youth bat and 54 ounces of wood per adult bat. The cost of wood is $0.30 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 25,000 ounces of wood at $0.30 per ounce. f. Desired ending Raw Materials Inventory is 25,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.5 hours of direct labor; direct labor costs average $16 per hour. h. Variable manufacturing overhead is $0.60 per bat. i. Fixed manufacturing overhead includes $600 per quarter in depreciation and $11,870 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $6,000 per quarter for salaries; $2,000 per quarter for rent; $1,800 per quarter for insurance; and $350 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 2% of sales. 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