The Rating Company manufacture wood cell als Male's two primary produce cul designed for crimen and young fans and an ahli baldige for high school and calage-al players als sellist to koning gede bars and All The youth leals for S45. The scult bat sels for SG. Mata's highest sales volumes in the 1rst three months of the year as reales prepare for the spring baseball season. Mista's balance sheet for December 31, 2010, and cther data for the first quarter of 2019 talow: (click the icon to view w the balance sheet) Click the icon to view the other data. Read the mounts Requirement 1. Prepare Mela's cales budget for the first quarter of 2019. Mata Batting Company Snies Budget For the Quarter Ended March 31, 2010 Youth Adult BH Bats Budgeted bats to be sold Total Sales priceperunt Total Requirement 2. Prepare Miste's production budget for the fest quarter of 2019. Mata Batting Company Production Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total PUR Total bats needed Luse: Budgeted bats to be produced Requirement 3. Prepare Mata's direct materials bucat, direct aber budest and manufacturina owerheadtudox for to first quarter of 2019. Round the premiermined bead allocation etwa decimal locs. The owerhed acesta base la direct labor hours. Requirement 3. Prepare Mata's direct materials budget, direct labor budget, and manufacturing overhead budget for the first quarter of 2019. 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. Mata Batting Company Direct Materials Budget For the Quarter Ended March 31, 2019 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 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, 2019 Youth Adult Bats Bats Total Direct labor hours needed for production Budgeted direct labor cost 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, 2019 Youth Adult Bats Bats Total VOH cost per bat Budgeted VOH Budgeted FOH Depreciation Insurance and property taxes Total 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 2019. Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per bat for 2019. (Round all amounts to the nearest cent.) Youth Bats Adult Bats Total projected manufacturing cost per bat for 2019 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, 2019 Youth Adult Bats Bats Total Bats produced and sold in 1st quarter of 2019 Total budgeted cost of goods sold Requirement 5. Prepare Mata's selling and administrative expense budget for the first quarter of 2019. Review the sales budget you prepared above. Mata Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2019 Total budgeted selling and administrative expense r the of 2019 follow: Data Table i More Info Mata Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash $ Accounts Receivable Raw Materials Inventory 15,000 18,500 3,300 18.740 Finished Goods Inventory Total Current Assets $ 55,540 Property, Plant, and Equipment: Equipment 135,000 (45,000) 90,000 a. Budgeted sales are 1,300 youth bats and 3,000 adult bats. Finished Goods Inventory on December 31, 2018, consists of 500 youth bats at $13 b. each and 720 adult bats at $17 each. Desired ending Finished Goods Inventory is 250 youth bats and 450 adult bats; C. FIFO inventory costing method is used. Direct materials requirements are 46 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 22,000 ounces of wood e. at $0.15 per Ounce. Desired ending Raw Materials Inventory is 22,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.3 hours of direct labor; direct labor costs average $24 per hour. h. Variable manufacturing overhead is $0.80 per bat. Fixed manufacturing overhead includes $700 per quarter in depreciation and $1,946 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $15,000 per quarter for salaries; $6,000 per quarter for rent; $2,000 per quarter for insurance; and $100 per quarter i for depreciation. k. Variable selling and administrative expenses include supplies at 5% of sales. Less: Accumulated Depreciation $ Total Assets 145,540 Liabilities Current Liabilities: Accounts Payable S 10,500 Stockholders' Equity $ Common Stock, no par 130,000 5,040 Retained Eamings 135,040 Print Done Total Stockholders' Equity $ 145,540 Total Liabilities and Stockholders' Equity Print Done