The Puckel Bitling Company manufactures wood baseball bats. Puckelstwo primary products are a youth bar designed for children and young and an adu baged torniched and college 1944 players. Pudelt sells the bats to sporting Goods stores and all sales are on account. The youth bat sols for $20 the soul batal565. Packet highest sales volume as in the first the month of the year at retailers prepare for the spring baseball season Pocket balance sheet for December 31, 2018, and other data for the first quarter of 2018 follow Click the icon to www the balance sheet) (Click the icon to view the other data Read the tourmet 5 40.000 214.00 264,500 Requirement 2. Preow Puder's production budget for the first of 2010 Puck Butting Company Production du For the Quarter Ended Man 31, 2010 Youth Bas Total Badoled us to be sol 2000 3530 Tood Clasa Check anaw Budget produce More info a. Budgeted sales are 2,000 youth bats and 3,300 adult bats. Finished Goods Inventory on December 31, 2018, consists of 700 youth bats at $11 b. each and 720 adult bats at $10 each. Desired ending Finished Goods Inventory is 300 youth bats and 460 adult bats; c. FIFO inventory costing method is used. Direct materials requirements are 52 ounces of wood per youth bat and 54 ounces d. of wood per adult bat. The cost of wood is $0.15 per ounce. Raw Materials Inventory on December 31, 2018, consists of 25,000 ounces of wood e. at $0.15 per ounce. Desired ending Raw Materials Inventory is 25,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.5 hours of direct labor, direct labor costs average $10 per hour. h. Variable manufacturing overhead is $0.50 per bat. Fixed manufacturing overhead includes $700 per quarter in depreciation and $8,580 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $12,000 per quarter for salaries; $3,500 per quarter for rent: $1,400 per quarter for insurance; and $100 per quarter 1. for depreciation k. Variable selling and administrative expenses include supplies at 1% of sales. Print Done TAASTAMALA - Data table Puckett Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash $ 45,000 26,200 3,750 14,900 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 89,850 150,000 (20,000) 130,000 $ 219,850 Total Assets Print Done The Puckel Bitling Company manufactures wood baseball bats. Puckelstwo primary products are a youth bar designed for children and young and an adu baged torniched and college 1944 players. Pudelt sells the bats to sporting Goods stores and all sales are on account. The youth bat sols for $20 the soul batal565. Packet highest sales volume as in the first the month of the year at retailers prepare for the spring baseball season Pocket balance sheet for December 31, 2018, and other data for the first quarter of 2018 follow Click the icon to www the balance sheet) (Click the icon to view the other data Read the tourmet 5 40.000 214.00 264,500 Requirement 2. Preow Puder's production budget for the first of 2010 Puck Butting Company Production du For the Quarter Ended Man 31, 2010 Youth Bas Total Badoled us to be sol 2000 3530 Tood Clasa Check anaw Budget produce More info a. Budgeted sales are 2,000 youth bats and 3,300 adult bats. Finished Goods Inventory on December 31, 2018, consists of 700 youth bats at $11 b. each and 720 adult bats at $10 each. Desired ending Finished Goods Inventory is 300 youth bats and 460 adult bats; c. FIFO inventory costing method is used. Direct materials requirements are 52 ounces of wood per youth bat and 54 ounces d. of wood per adult bat. The cost of wood is $0.15 per ounce. Raw Materials Inventory on December 31, 2018, consists of 25,000 ounces of wood e. at $0.15 per ounce. Desired ending Raw Materials Inventory is 25,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.5 hours of direct labor, direct labor costs average $10 per hour. h. Variable manufacturing overhead is $0.50 per bat. Fixed manufacturing overhead includes $700 per quarter in depreciation and $8,580 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $12,000 per quarter for salaries; $3,500 per quarter for rent: $1,400 per quarter for insurance; and $100 per quarter 1. for depreciation k. Variable selling and administrative expenses include supplies at 1% of sales. Print Done TAASTAMALA - Data table Puckett Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash $ 45,000 26,200 3,750 14,900 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 89,850 150,000 (20,000) 130,000 $ 219,850 Total Assets Print Done