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 for high school and college-aged players. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $ 60; the adult bat sells for $ 70. Mata's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Mata's balance sheet for December31, 2018, and other data for the first quarter of 2019

follow:

Requirement 1. Prepare Mata's sales budget for the first quarter of 2019 Mata 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 Data Table Mata Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash 14,000 Accounts Receivable 26,200 Raw Materials Inventory 8,050 13,020 Finished Goods Inventory $ Total Current Assets 61,270 Property,Plant, and Equipment: Equipment 160,000 (65,000) 95,000 Less: Accumulated Depreciation $ 156,270 Total Assets Liabilities Current Liabilities: Accounts Payable $ 10,500 Stockholders' Equity Common Stock, no par $ 140,000 5,770 Retained Earnings 145,770 Total Stockholders' Equity $ 156,270 Total Liabilities and Stockholders' Equity Print Done a. Budgeted sales are 1,700 youth bats and 3,400 adult bats. b. Finished Goods Inventory on December 31, 2018, consists of 350 youth bats at $18 each and 560 adult bats at $12 each c. Desired ending Finished Goods Inventory is 450 youth bats and 450 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 40 ounces of wood per youth bat and 62 ounces of wood per adult bat. The cost of wood is $0.35 per ounce e. Raw Materials Inventory on December 31, 2018, consists of 23,000 ounces of wood at $0.35 per ounce. f. Desired ending Raw Materials Inventory is 23,000 ounces (indirect materials are insignificant and not considered for budgeting purposes) g. Each bat requires 0.6 hours of direct labor; direct labor costs average $26 per hour. h. Variable manufacturing overhead is $0.70 per bat Fixed manufacturing overhead includes $600 per quarter in depreciation and $8,053 per quarter for other costs, such as insurance and property taxes. i. Fixed selling and administrative expenses include $6,000 per quarter for j. salaries; $1,000 per quarter for rent; $1,700 per quarter for insurance; and $550 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 5% of sales