The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed and college-aged players. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $50; the adult bat sells for $75. Mata's highest sales three months of the year as retailers prepare for the spring baseball season. Mata's balance sheet for December 31, 2024, and other data for the first quarter of 2025 follow.

The Mata Batting Company manulactures wood baseball bats. Mata's two primary pooducts are a youth bat, designed for childen and young tonns, and an adult bat, designed for high school and colege-aged players. Wata selts the bats to sporting goods stoses and al sales are on account. The youth bat selts for $50; the adult bat sells for $75. Mota's highest sales volume is in the fint three months of the year as retalers prepare for the spring basebali season. Mata's balance sheet for Docember 31, 2024, and other data for the first quarter of 2025 follow: (Clide the icon to view the balance sheet) (1.) (Click the icon to view the other data) Read the reguirements. Requirement 1. Prepare Mata's sales budget for the first cuarter of 2025. Requirement 2. Prepare Mata's production budget for the first quarter of 2025. Requirement 2. Prepare Mata's production budget for the first quarter of 2025. iequirement 3. Prepare Mata's direct materials budget, direct iabor budgot, and manufacturing overhead budgot for the firat quarter of 2025 . Round the predelermined overhead alocation raco to wo decimal places. The overthead allocation base is drect labor hours. segin by preparing the drect 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. Prepare the manufacturing overhead budget. (Enter any por unit amounts to two decimal places, XX. Abbreviations used: vOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) Review the production budget you prepared above. Reviow the direct labor busget you prepared above. Requirement 4. Propare Mata'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 ail amounts to the nearest cent) Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. three months of the year as retailers prepare for the spring baseball season. Mata (Click the icon to view the balance sheot) Read the requirements. 6. (Click the icon to vie More info a. Budgeted sales are 1,900 youth bats and 3,500 adult bats. b. Finished Goods Inventory on December 31,2024 , considts of 600 youth bats at $15 each and 520 odult bats at $20 each. c. Desired ending Finished Goods inventory is 200 youth bats and 550 adult bats: F.FO imvantory costing mothod is used d. Direct materials requirements are 46 ounces of wood per youth bot and 62 ounces of wood per actul bot. The cost of wood is 5030 per ounce. e. Raw Materials inventory on December 31,2024, consists of 27,000 ounces of wood at $0.30 per eunce. f. Desired ending Rase Materials inventory is 27,000 ounces (indirect materials are insonificant and not considered for budgeting purposes). Requirement 5. Prepare Mata's solling and administrative expense budgot for the Review the sales budget you prepared abeve. 9. Each bat tequires 0.1 hours of drect labor, direct labor costs average $24 per hour. h. Variable manufacturing overhead is 5060 per bat 1. Fued manufacturing ovehead includes $700 per quater in depreciation and $800 per quarter for other cests, wch as insurance and property taxes 1. Faed seling and adminstrative expenses include 57,000 per quarter for salaries: $4,000 per quarter for rent $1,800 pec quater for insurance; and $350 per quarer for depaciation k. Varable seling and admnistrative expenses include supplies at 1% of sales Liabilities Current Liabilities: Accounts Payable $12,500 Stockholders' Equity Common Stock, no par $140,000 Retained Earnings 11,200 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 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 . The Mata Batting Company manulactures wood baseball bats. Mata's two primary pooducts are a youth bat, designed for childen and young tonns, and an adult bat, designed for high school and colege-aged players. Wata selts the bats to sporting goods stoses and al sales are on account. The youth bat selts for $50; the adult bat sells for $75. Mota's highest sales volume is in the fint three months of the year as retalers prepare for the spring basebali season. Mata's balance sheet for Docember 31, 2024, and other data for the first quarter of 2025 follow: (Clide the icon to view the balance sheet) (1.) (Click the icon to view the other data) Read the reguirements. Requirement 1. Prepare Mata's sales budget for the first cuarter of 2025. Requirement 2. Prepare Mata's production budget for the first quarter of 2025. Requirement 2. Prepare Mata's production budget for the first quarter of 2025. iequirement 3. Prepare Mata's direct materials budget, direct iabor budgot, and manufacturing overhead budgot for the firat quarter of 2025 . Round the predelermined overhead alocation raco to wo decimal places. The overthead allocation base is drect labor hours. segin by preparing the drect 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. Prepare the manufacturing overhead budget. (Enter any por unit amounts to two decimal places, XX. Abbreviations used: vOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) Review the production budget you prepared above. Reviow the direct labor busget you prepared above. Requirement 4. Propare Mata'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 ail amounts to the nearest cent) Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. three months of the year as retailers prepare for the spring baseball season. Mata (Click the icon to view the balance sheot) Read the requirements. 6. (Click the icon to vie More info a. Budgeted sales are 1,900 youth bats and 3,500 adult bats. b. Finished Goods Inventory on December 31,2024 , considts of 600 youth bats at $15 each and 520 odult bats at $20 each. c. Desired ending Finished Goods inventory is 200 youth bats and 550 adult bats: F.FO imvantory costing mothod is used d. Direct materials requirements are 46 ounces of wood per youth bot and 62 ounces of wood per actul bot. The cost of wood is 5030 per ounce. e. Raw Materials inventory on December 31,2024, consists of 27,000 ounces of wood at $0.30 per eunce. f. Desired ending Rase Materials inventory is 27,000 ounces (indirect materials are insonificant and not considered for budgeting purposes). Requirement 5. Prepare Mata's solling and administrative expense budgot for the Review the sales budget you prepared abeve. 9. Each bat tequires 0.1 hours of drect labor, direct labor costs average $24 per hour. h. Variable manufacturing overhead is 5060 per bat 1. Fued manufacturing ovehead includes $700 per quater in depreciation and $800 per quarter for other cests, wch as insurance and property taxes 1. Faed seling and adminstrative expenses include 57,000 per quarter for salaries: $4,000 per quarter for rent $1,800 pec quater for insurance; and $350 per quarer for depaciation k. Varable seling and admnistrative expenses include supplies at 1% of sales Liabilities Current Liabilities: Accounts Payable $12,500 Stockholders' Equity Common Stock, no par $140,000 Retained Earnings 11,200 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 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