The Mata Batting Company manufactures wood baseball bats. Matas two primary products are a youth bat, designed for children and young teens, an adult bat, designed for highschool and college aged players Mata sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $45 and the adult bat sells for $70. Matas highest sales volume is in the first three months of the year as retailers prepare for the spring season. Matas balance sheet for December 31 2018 and other data for the first quarter of 2019 follow

0 i Requirements 0 of 20 1. Prepare Mata's sales budget for the first quarter of 2019. 2. Prepare Mata's production budget for the first quarter of 2019. 3. Prepare Mata'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 Mata's cost of goods sold budget for the first quarter of 2019. 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2019 t 3 Homework 11 of 11 (10 completo) - Data Table hned for high s ar as retailers ats. Mata's two ath bat sells for arter of 2019 fd (Click the ico Mata Batting Company Balance Sheet December 31, 2018 Assets Total 4,600 Current Assets Cash $ 32,000 284,500 22,500 first quarter of 2 9.450 17,800 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment $ 81,750 31, 2019 Adult 135,000 (70,000) Bats Less: Accumulated Depreciation 65,000 $ 146,750 Total Assets Liabilities Current Liabilities Accounts Payable 13.600 Stockholders' Equity at fields and then Print Done 90 QOD DD 11 of 11 (10 complete) Data Table bned for high sch ar as retailers p ta's two sells for f 2019 fe Ok the ico Current Assets: Cash 32,000 22.500 9,450 17,800 Total 4,600 $ 81,750 284,500 uarter of 2 135,000 (70,000) 65,000 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 Eamings Total Stockholders' Equity $ 146,750 19 Adult Bats 13,600 80,000 53,150 133,150 $ 146,750 Total Liabilities and Stockholders' Equity as and then Print Done 000 000 oll DD h bat sells for $45; the adult bat sells for $70. Mata's highest sales volume is in the first three months of the year as retailers prepa arter of 2019) (Click the i More Info X Total 4,60 $ 284,50 rst quarter of a. Budgeted sales are 1,500 youth bats and 3,100 adult bats. Finished Goods Inventory on December 31, 2018, consists of 550 youth bats at $17 b. each and 650 adult bats at $13 each. Desired ending Finished Goods Inventory is 220 youth bats and 320 adult bats; C. FIFO inventory costing method is used. Direct materials requirements are 42 ounces of wood per youth bat and 54 ounces d. of wood per adult bat. The cost of wood is $0.35 per ounce. Raw Materials Inventory on December 31, 2018, consists of 27.000 ounces of wood e. at $0.35 per ounce. Desired ending Raw Materials Inventory is 27,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.6 hours of direct labor; direct labor costs average $12 per hour. h. Variable manufacturing overhead is $0.90 per bat. Fixed manufacturing overhead includes $900 per quarter in depreciation and $5,010 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $6,000 per quarter for salaries; $5,500 per quarter for rent: $1,400 per quarter for insurance; and $100 per quarter J. for depreciation, k. Variable selling and administrative expenses include supplies at 1% of sales. 2019 Adult Bats Print Done elds and then click Check Answer. Clear All