The Haney Batting Company manufactures wood baseball bats. Haney'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. Haney sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $35; the adult bat sells for $85. Haney's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Haney's balance sheet for December 31, 2018, and other data for the first quarter of

2019 follow:

i Data Table X 35,000 23,200 3,150 20,190 81,540 Balance Sheet December 31, 2018 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation Total Assets Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 125,000 (60,000) 65,000 146,540 14,500 60,000 72,040 132,040 $ 146,540 Print Done * Requirements - X 1. Prepare Haney's sales budget for the first quarter of 2019. 2. Prepare Haney's production budget for the first quarter of 2019. 3. Prepare Haney's direct materials budget, direct labor budget, and manufacturing overhead budget for the first quarter of 2019. Round the predetermined overhead allocation rate to two decimal places. The overhead allocation base is direct labor hours. 4. Prepare Haney's cost of goods sold budget for the first quarter of 2019. 5. Prepare Haney's selling and administrative expense budget for the first quarter of 2019. Print Done Requirement 1. Prepare Haney's sales budget for the first quarter of 2019. Haney Batting Company Sales Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be sold Sales price per unit Total sales