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 $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 December 31, 2024, and other data for the first quarter of 2025 follow: (Click the loon to view the balance sheet.) (Click the icon to view the other data.) Read the requirements 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 1.700 3,200 4,900 Sales price per unit $ 55 $ 70 Total sales 93,500 $ 224,000 $317.500 Requirement 2. Prepare Mata's production budget for the first quarter of 2025 Mata Batting Company Data Table manufa college sales er data e balan nd young teens, and buth bat sells for $55 Mata's balance shee Mata Batting Company Balance Sheet December 31, 2024 a's sal Assets Batti Current Assets: Sales ter E Cash Accounts Receivable Raw Materials Inventory 20,000 20,300 6,000 Yo Finished Goods Inventory 16,250 62,550 3 Total Current Assets Property, Plant, and Equipment: Equipment $ 110,000 (35,000) Less: Accumulated Depreciation 75,000 spra Total Assets 137,550 M Liabilities any Print Done Equipment 110,000 (35,000) Less: Accumulated Depreciation 75,000 Total Assets $ 137,550 Liabilities Current Liabilities: Accounts Payable $ $ 17,300 Stockholders' Equity Common Stock, no par $ 50,000 70,250 Retained Earnings Total Stockholders' Equity 120,250 Total Liabilities and Stockholders' Equity $ 137,550 More Info young teen Dany manu l and colle hest sales d other da ew the ball th bat sells ata's balanc Mata's s Mata Ba Sal Quarter a. Budgeted sales are 1,700 youth bats and 3,200 adult bats. Finished Goods Inventory on December 31, 2024, consists of 700 youth bats at $13 b. each and 650 adult bats at $11 each. Desired ending Finished Goods Inventory is 450 youth bats and 320 adult bats: C. FIFO inventory costing method is used. Direct materials requirements are 40 ounces of wood per youth bat and 58 ounces of d. wood per adult bat. The cost of wood is $0.30 per ounce. Raw Materials Inventory on December 31, 2024, consists of 20,000 ounces of wood e. at $0.30 per ounce. Desired ending Raw Materials Inventory is 20,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.2 hours of direct labor, direct labor costs average $30 per hour. h. Variable manufacturing overhead is $0.90 per bat. Fixed manufacturing overhead includes $1,200 per quarter in depreciation and $96 1. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $10,000 per quarter for salaries; $2,000 per quarter for rent; $1,700 per quarter for insurance; and $150 per quarter j. for depreciation. k. Variable selling and administrative expenses include supplies at 5% of sales. Mata's enter an Print Done Uusiyle of children and young and college-aged players. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat st sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Mata's ther data for the first quarter of 2025 follow: the balance sheet.) (Click the icon to view the other data.) 0 Requirements ata's sale ata Battin Sales larter En Yol 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. LEA Print Done ta's prog Mata Batting Company er any number in the input fields and then click Check