The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for 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 cent.) The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for Requirement 1. Prepare Mata's sales budget for the first quarter of 2025. Requirement 2. Prepare Mata's production budget for the first quarter of 2025 The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for Requirement 2. Prepare Mata's production budget for the first quarter of 2025 Data table The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for Review the sales budget you prepared above. 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 \$15, 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) (i) (Click the icon to view the other data) Read the requirements Requirement 1. Prepare Mata's sales budget for the first quarter of 2025 The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for 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 2925 . (Round all amounts to the nearest cent.) Data table The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for Review the production budget you prepared above Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2025 The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed lor The Mata Balting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for 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 is direct labor hours. Begin by preparing the direct materials budget The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed lor More info FIFO inventory costing method is used. d. Direct materials requirements are 46 ounces of wood per youth bat and 64 ounces of wood per adult bat. The cost of wood is $0.15 per ounce. e. Raw Materials Inventory on December 31,2024 , consists of 28,000 ounces of wood at $0.15 per ounce. f. Desired ending Raw Materials Inventory is 28,000 ounces (indirect materials are insignificant and not considered for budgeting purposes) g. Each bat requires 0.2 hours of direct labor; direct labor costs average $16 per hour h. Variable manufacturing overhead is $0.60 per bat i. Fixed manufacturing overhead includes $1,200 per quarter in depreciation and $640 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $8,000 per quarter for salaries $4,500 per quarter for rent; $1,400 per quarter for insurance; and $550 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 5% of sales. a. Budgeted sales are 2,000 youth bats and 2,800 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 600 youth bats at $12 each and 650 adult bats at $16 each c. Desired ending Finished Goods Inventory is 500 youth bats and 550 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 46 ounces of wood per youth bat and 64 ounces of wood per adult bat. The cost of wood is $0.15 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 28,000 ounces of wood at $0.15 per ounce f. Desired ending Raw Materials Inventory is 28.000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.2 hours of direct labor, direct labor costs average $16 per hour. h. Variable manufacturing overhead is $0.60 per bat. i. Fixed manufacturing overhead includes $1,200 per quarter in depreciation and $640 per quarter for other costs, such as insurance and property taxes. 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 The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, XXX ) Review the production budget you prepared above. The Mata Batting Company manufactures wood baseball bats. Mata's two primary products are a youth bat, designed for Prepare the manufacturing overhead budget. (Enter any per unit amounts to two decimal places, XXX Abbreviations used: VOH= variable manufacturing overhead; FFH= fixed manufacturing overhead) Review the production budget you prepared above. Review the direct labor budget you prepared above
