The Puckett Batting Company manufactures wood baseball bats. Puckett'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. Puckett sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $60; the adult bat sells for \$80. Puckett's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Puckett'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 Puckett's sales buljget for the first quarter of 2025 More info a. Buigeted sales aro 1,100 youth bats and 3,600 adua bats b. Finishod Goods Inventory on December 31, 2024, consists of 250 youth bats at 513 each and 050 adult bats at 510 each c. Desired endig Finishod Goods liventory is 500 youth bats and 320 adual bata FIFO liventory coseing mothod is used d. Direct materials requilemonts are 50 ounces of wood per youth bat and 64 ounces of wood per adull bat. The cost of wood is $0.45 per cance 0. Raw Matorials laventory on December 31. 2024, conshats of 22,000 ounces of woed at 30.45 per eunce 1. Desired ending Raw Materials inventory is 22.000 ounces (indirect materials are insignificant and not considered for badgeting purposes) 9. Each bat requires 04 hours of diect labor. direc labor costs average $30 per hour. h. Varlable manulacturing overhead s50so per bat 1. Fiend manudocturing overtead inclides 51,400 per quator in depreciation and 39.200 per quarter for ofher costs, oech as insurance and propewy taxes 1. Fued asting and administrative expenses include $15000 por quartec for salaries. $3,000 per quaner for ient $1,500 per quanter for insurance, and $400 per quarter for deperciabion. k. Vailable seting and adrinisuative eppensen include supples at2\% of sales Requirement 2. Prepare Puckett's production budget for the first quarter of 2025. For the Quarter Ended N Requirement 3. Prepare Puckett'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. Prepare the manufacturing overhead budget. (Enter any per unit amounts to two decimal places, XXX. 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. Requirement 4. Prepare Puckett's cost of goods sold budget for the first quarter of 2025. Before preparing the cost of goods sold budget, calculate the projected manulacturing cost per bat for 2025 . (Round all amounts to the nearest cant) Requirement 5. Prepare Puckett's selling and administrative expense budget for the first quarter of 2025 . Review the sales budget you prepared above