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 $55; the adult bat sells for $60. 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 December 31, 2024, and other data for the first quarter of 2025 follow: i (Click the icon to view the other data.) (Click the icon to view the balance sheet.) Read the requirements. Data table Requirement 1. Prepare Mata's sales budget for the first quarter of 2025. Mata Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Budgeted bats to be sold Sales price per unit Total sales More info Mata Batting Company Balance Sheet December 31, 2024 Assets Current Assets: Cash 20,000 Accounts Receivable 26,200 Raw Materials Inventory 9,450 12,870 Finished Goods Inventory Total Current Assets 68,520 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 145,000 (45,000) 100,000 $ 168,520 Total Assets a. Budgeted sales are 2,000 youth bats and 3,100 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 650 youth bats at $11 each and 440 adult bats at $13 each. c. Desired ending Finished Goods Inventory is 450 youth bats and 460 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 44 ounces of wood per youth bat and 64 ounces of wood per adult bat. The cost of wood is $0.35 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 27,000 ounces of wood at $0.35 per ounce. f. Desired ending Raw Materials Inventory is 27,000 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 $15 per hour. h. Variable manufacturing overhead is $0.90 per bat. i. Fixed manufacturing overhead includes $1,400 per quarter in depreciation and $76 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $7,000 per quarter for salaries; $1,000 per quarter for rent; $1,100 per quarter for insurance; and $350 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 2% of sales. Current Liabilities: Accounts Payable Liabilities 12,800 Stockholders' Equity Common Stock, no par $ 110,000 45,720 155,720 $ 168,520 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Print Done