The Langley Buting Companyats wood baseball Bats Langswery produce a youth bat designed for children and young teens, and an adult at designed for school and geged player Langley the bats to sporting goods and are the youth for the whole for 565 Langley's highest sales vells in the first months of the years to prepare for the spring babal Langhysbeheer December 31, 2018 adher data for the first quarter of 2019 follow Cd the conto the Doces Cho then to the other) Roomers Requirement 1. Pengesahathir 2018 Langley Batting Company Sales Budget For the winted March 1, 2015 Adult an Baged bats to be 1.200 2000 3.000 1 SS2 1. Prepare Langestales budget for the future of 2019 2. Preprobudget for the future 2019 3. Prepare Langleymas budget and minueduting overad but the best quarter of 2015 Round davant de places The what location direct labor hours 4. Prepare Langlois cost of goods sold budget for the trouwt 2019 Pare Lingering and mediu water of 2015 Dan 6 That CH Check 5 of 5 (5 complete) Assigned More info ctures wood baseball bat and all sales are on acco heet for December 31, 201 sheet.) ig at, designed for high sch hree months of the year a ales budget for the first qua ng Company Budget ded March 31, 2019 Finished Goods Inventory on December 31, 2018, consists of 300 youth bats at 514 b. each and 950 adult bats at $18 each Desired ending Finished Goods Inventory is 350 youth bats and 300 adult bats, FIFO c. inventory costing method is used. Direct materials requirements are 48 ounces of wood per youth bat and 56 ounces of d. wood per adult bat. The cost of wood is $0 25 per ounce Raw Materials Inventory on December 31, 2018, consists of 24 000 ounces of wood e. at 50.25 per ounce Desired ending Raw Materials Inventory is 24,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes) 9. Each bat requires 0.7 hours of direct labor, direct labor costs average 518 per hour. h. Variable manufacturing overhead is $0.30 per bat Fixed manufacturing overhead includes $1,300 per quarter in depreciation and 1. $20 140 per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include 59.000 per quarter for salaries $2.500 per quarter for rent $1,000 per quarter for insurance and $200 per quarter for i depreciation k Variable selling and administrative expenses include supplies at 2% of sales uth Adult ats Bats 1.200 2.600 65 40 $ 48,000 $ 169,000 $ umber in the input fields Print Done o a 5 i Data Table ult bat, design rst three mont all bats. La n account 31, 2018, a i (Click Langley Batting Company Balance Sheet December 31, 2018 Assets first quarter Current Assets Cash 19 30,000 16,700 Tota 6,000 21,300 600 65 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property. Plant, and Equipment: Equipment Less Accumulated Depreciation $ 74.000 ,000 $ 21 130,000 (50,000) 80,000 aput fields and Print Done - 6 Data Table jult bat, design rst three mont bats. La account 2018, a (Click Property, Plant, and Equipment Equipment Less: Accumulated Depreciation 130.000 (50.000) 80,000 st quarter 154,000 CA 15,200 Total Assets Liabilities Current Liabilities Accounts Payable Stockholders' Equity Common Stock no par $ Retained Earnings Total Stockholders Equity Tota 0 90.000 48,800 llon 50 $ 21 138.800 154,000 Total Liabilitles and Stockholders' Equity fields and Pont Done o a hp) Read the requirements Langley Batting Company Production Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Plus Total bats needed Less Budgeted bats to be produced Choose from any list or enter any number in the input fields and then click Check Answer Clear All 6 parts remaining