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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
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 $30; the adult bat Dolls for $65. 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 Click the icon to view the balance sheet) Click the icon to view the other duta.) Read the requirements or 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 un Total sales Requirement 2. Prepare Mota's production budget for the first quarter of 2025 Mata Batting Company Production Budget Choose from any liat or enter any number in the input fields and then continue to the next question Next ments k the icon to view the other data) Read the requirements mewar Quiz Mata Batting Company Production Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Plus Total bats needed Less Budgebed bots to be produced Requirement 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 la direct labor hours. Begin by preparing the direct materials budget. Choose from any list or enter any number in the input fieids and then continue to the next question Next ords BR English (United States) Focus TIGT WU vuit del ents Read the requirements. wor Begin by preparing the direct materials budget. uiz Mata Batting Company Direct Materials Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Direct materials per bat (ounces) Direct materials needed for production Plus: Total direct materials needed Less: Budgeted purchases of direct materials Choose from any list or enter any number in the input fields and then continue to the next question. ror Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX.) Review the production budget you prepared above. Mata Batting Company Direct Labor Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total ninart lahar hundar for nedirtinn Choose from any list or enter any number in the input fields and then continue to the next question 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 sets the bata to sporting Goods stores and all sales are on account. The youth bat sols for $30, the adult bat sells for $65. Mata's highest sales volume is in the first three months of the your 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: Click the icon to view the balance sheet) Click the icon to view the other data) Road the requirements wo Direct Labor Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Direct labor hours nended for production Budgeted direct labor cost Prepare the manufacturing overhead budget (Enter any per unit amounts to two decimal places, XXX. Abbreviations used: VOH = variabile manufacturing overtad, FOH fixed manufacturing overhead) Review the production budget you prepared above Review the direct labor budget you prepared above Choose from any lot or enter any number in the input fields and then continue to the next question Next Prepare the manufacturing overhead budget. (Enter any per unit amounts to two decimal places, X.XX. Abbreviations used: VOH variable manufacturing overhead; FOH - fixed manufacturing overhead) Review the production budget you prepared above. Review the direct labor budget you prepared above. Mata Batting Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total VOH cost per bot Budgeted VOH Budgeted FOH Depreciation Choose from any list or enter any number in the input fields and then continue to the next question Naut en Urdren and young teens, and an adult bat Buna college-aged players. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat solls for $30; the adult bat sells for $65. 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: (Click the icon to view the balance sheet.) Click the icon to view the other data) Read the requirements Insurance and property taxes Totul budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Requirement 4. Prepare 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 all amounts to the nearest cant) Youth Bats Adult Bats Choose from any list or enter any number in the input fields and then continue to the next question (Click the icon to view the other data.) In Un to view the balance sheet.) Read the requirements Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per tpat for 2025. (Round all amounts to the nearest cont.) Youth Bats Adult Bats Total projected manufacturing cost per bat for 2025 Now prepare the cost of goods sold budget. Review the sales budget you prepared above Review the production budget you prepared above Mata Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2025 Youth Adult Choose from any list or enter any number in the input fields and then continue to the next question Next su Sporung goods stores and all sales a sells for $65. Mata's highest sales volume is in the first three months of the year as retailers prepare for the spri December 31, 2024, and other data for the first quarter of 2025 follow: (Click the icon to view the balance sheet.) (Click the icon to view the other data.) ents Read the requirements. wor uizli Mata Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. Mata Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Choose from any list or enter any number in the input fields and then continue to the next question Lick the icon to view the balance sheet.) Read the requirements. (Click the icon to view the other data.) ents ewor Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold uiz Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. Mata Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Total budgeted selling and administrative expense Choose from any list or enter any number in the input fields and then continue to the next question. Data iapie mpany many hool and coll highest sales and other de to view the bal young teens, an h bat sells for $3 pta's balance she Mata Batting Company Balance Sheet December 31, 2024 ents. Assets repare Mata's Mata Ba 14,000 Current Assets Cash Accounts Receivable Raw Materials Inventory Sal 26,200 For the Quarter 7,500 17,050 $ 64,750 be sold Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation unit 145,000 (60,000) 85,000 $ 149,750 Total Assets -. Prepare Mata's Print Done any list or enter ar More Info - any and nest d othe ew th ng teens, a It sells for balance st re Mall Mat a. Budgeted sales are 1,100 youth bats and 3,200 adult bats, b. Finished Goods Coventory on December 31, 2024, consists of 550 youth bats at $16 each and 550 adult bats at $15 each. c. Desired ending Finished Goods Inventory is 500 youth bats and 350 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 46 ounces of wood per youth bat and 62 ounces of wood per adult bat. The cost of wood is $0.30 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 25,000 ounces of wood at $0.30 per ounce f. Desired ending Raw Materials Inventory is 25,000 ounces (indirect materials are insignificant and not considered for budgeting purposes) g. Each bat requires 0.4 hours of direct labor, direct labor costs average $10 per hour. h. Variable manufacturing overhead is $0.70 per bat. i. Fixed manufacturing overhead includes $1,000 per quarter in depreciation and $2,645 per quarter for other costs, such as insurance and property taxes. 1. Fixed selling and administrative expenses include $12,000 per quarter for salaries; $1,500 per quarter for rent; $1,200 per quarter for insurance; and $400 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 4% of sales. h Qu sold pare Mall Print Done st or ento 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. Print Done Production Budget y number in the input fields and then continue to the next
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