The Haney Batting Company manufactures woed basebal bats. Haney's two primary products are a youth bat, deeigned for chldran and young teens, and an adut bat, designed foe tight sctiod and college-aged players. Haney sells the bats to sporting goods stores and all sales are on account. The youm bat sells for $30; the adu bat sols for $55. Hanny's Fighest swies volutie is in the first three months of the year as retasiers prepare for the spring basebal season. Haney's balance sheot for December 31 . 2024 , and cther data tor the first quanter of 2025 folow: (Click the koon to view the balance sheet. (i) (Csck the icon to view the other data.) Read the reguirements. Requirement 1. Prepare Haney's aales budget for the first quarter of 2025. Data table a. Budgeted sales are 1.500 youth bats and 3,000 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 700 youth bate at $10 each and 450 adult bats at $11 each. c. Desired ending Finished Goods Inventory is 450 youth bats and 400 adult bats: FIFO inventory costing method is used: d. Diroct materials requirements are 42 ounces of wood per youth bat and 62 ounces of wood per aduli bat. The cost of wood is $0.20 per ounce. e. Raw Materials inventory on December 31, 2024, consists of 27.000 ounces of wood at $0.20 per ounce. f. Desired ending Raw Materials Inventory is 27,000 ounces (indirect materials aro insignificant and not considered for budgeting purposes). 9. Each bat requires 0.3 hours of direct labor, direct labor costs average $30 per hout. h. Variable manutacturing overhead is $0.40 per bat. 1. Fxed manufacturing overhead includes $800 per quarter in depreciation and $3,820 per quarter for other costs, such as insurance and property taxes. 1. Fixed selling and administrative expenses include $14,000 per quarter for salaries; $6,000 per quarter for rent; $2,000 per quarter for insurance; and $400 per quarter for depreciation. K. Variable seling and administrative expenses include supples at 5%6 of sales