The Shape Busing Comany more woodsalt Surperimary products your designed for a young and we have cold weath og andre or court. The you bales for the best 570 Shawshyat volume an efters of the years prepare for the coming bamboo Sharpe's bwance sheet to December 31, 2013, and the two 2010 convite Requirement. Preor Sharpe's budget for 2012 there Betting Co Salget For the Quarter Ended March 1, 2018 Youth Total A mework: Chapter 22 Homework Comprar acts wood banebal bats. Sharpe's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school ar now de won court. The youth but selator 355, the adult bat sols for $70. Sharpe's highest sales volume is in the first three months of the year as retailers prepare December 2011 and other des for the first quarter of 2019 follow Click then to view the other data) 1. Pro budget for the first of - X Share Company Requirements Pere Quarter March 2010 Total 1. Prepare Sharpe's sales budget for the first quarter of 2019, 2. Prepare Sharpe's production budget for the first quarter of 2019. 3. Prepare Sharpe'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. 4. Prepare Sharpe's cost of goods sold budget for the first quarter of 2019. 5. Prepare Sharpe's selling and administrative expense budget for the first quarter of 2019 Print Done the end en Chow Mo Solve This DemoDocs Example Get More Help wood baseball bats. Sharpe's two primary products are a youth bat, designed for children and young teens, and an adult bet to sporting goods stores and all sales are on account. The youth bat sells for $55, the adult bat sells for $70. Sharpe's highest sales volume is in the first three months of balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow Click the icon to view the bale - X Read the requirements Data Table Requirement 1. Prepare Sharpe's Balance Sheet December 31, 2018 Assets Sharpe B Sale For the Quarter Current Assets Cash $ 22.000 20,300 Accounts Receivable Raw Materials Inventory 10,350 19,150 2019 prior of 2019, for budget, and of 2019. Round the mal places. The overed Budgeted bats to be sold Finished Goods Inventory Total Current Assets $ 71.800 Sales price per unit first quarter of 2019 Le budget for the first Total sales Property, Plant, and Equipment Equipment Loss: Accumulated Depreciation 110,000 (10,000) 100,000 $ 171,800 12.00 Total Assets Liabilities Current Liabilities Accounts Payable Stockholders' Equity Common Stock, no par 5 Retained Eamingo Total Stockholders' Equity Total Lisbond Stockholders Ecuit 30 000 79.000 158.000 1710 Enter any number in the edit field Done Print D Me Salve This bal, designed for children and young teens, and an adult bat, designed for high school and college-aged at sells for $55, the adult bat sells for $70. Sharpe's highest sales volume is in the first three months of the year as retailers prepare for the spring ba quarter of 2019 follow Ek the icon to view the other data.) More Info ber 31, 2018 Assets a. Budgeted sales are 1,000 youth bats and 3,000 adult bats. Finished Goods Inventory on December 31, 2018, consists of 400 youth bats at $16 b. each and 850 adult bats at $15 each Desired ending Finished Goods iventory is 450 youth bats and 350 adult bats; c. FIFO inventory costing method is used. Direct materials requirements are 42 ounces of wood per youth bat and 60 ounces d. of wood per adult bat. The cost of wood is $0.45 per ounce. Raw Materials Inventory on December 31, 2018, consists of 23,000 ounces of wood e. at $0.45 per Ounce. Desired ending Raw Materials Inventory is 23,000 ounces (Indirect materials are 1. insignificant and not considered for budgeting purposes) G. Each bot requires 0.6 hours of direct labor, direct labor costs average $32 per hour. h. Variable manufacturing overhead is $0.60 per bat. Fixed manufacturing overhead includes $400 per quarter in depreciation and 1. $14,510 per quarter for other costs, such as insurance and property taxes, Fixed selling and administrative expenses include $5,000 per quarter for salaries: $4,500 per quarter for rent: $1,700 per quarter for Insurance, and $150 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 3% of sales nt: 11 ociation (10 Liabilities Stockholders' Equity Print Done 150,000 ockholders equally 171,600 Clear All Check Ans The Shape Busing Comany more woodsalt Surperimary products your designed for a young and we have cold weath og andre or court. The you bales for the best 570 Shawshyat volume an efters of the years prepare for the coming bamboo Sharpe's bwance sheet to December 31, 2013, and the two 2010 convite Requirement. Preor Sharpe's budget for 2012 there Betting Co Salget For the Quarter Ended March 1, 2018 Youth Total A mework: Chapter 22 Homework Comprar acts wood banebal bats. Sharpe's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school ar now de won court. The youth but selator 355, the adult bat sols for $70. Sharpe's highest sales volume is in the first three months of the year as retailers prepare December 2011 and other des for the first quarter of 2019 follow Click then to view the other data) 1. Pro budget for the first of - X Share Company Requirements Pere Quarter March 2010 Total 1. Prepare Sharpe's sales budget for the first quarter of 2019, 2. Prepare Sharpe's production budget for the first quarter of 2019. 3. Prepare Sharpe'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. 4. Prepare Sharpe's cost of goods sold budget for the first quarter of 2019. 5. Prepare Sharpe's selling and administrative expense budget for the first quarter of 2019 Print Done the end en Chow Mo Solve This DemoDocs Example Get More Help wood baseball bats. Sharpe's two primary products are a youth bat, designed for children and young teens, and an adult bet to sporting goods stores and all sales are on account. The youth bat sells for $55, the adult bat sells for $70. Sharpe's highest sales volume is in the first three months of balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow Click the icon to view the bale - X Read the requirements Data Table Requirement 1. Prepare Sharpe's Balance Sheet December 31, 2018 Assets Sharpe B Sale For the Quarter Current Assets Cash $ 22.000 20,300 Accounts Receivable Raw Materials Inventory 10,350 19,150 2019 prior of 2019, for budget, and of 2019. Round the mal places. The overed Budgeted bats to be sold Finished Goods Inventory Total Current Assets $ 71.800 Sales price per unit first quarter of 2019 Le budget for the first Total sales Property, Plant, and Equipment Equipment Loss: Accumulated Depreciation 110,000 (10,000) 100,000 $ 171,800 12.00 Total Assets Liabilities Current Liabilities Accounts Payable Stockholders' Equity Common Stock, no par 5 Retained Eamingo Total Stockholders' Equity Total Lisbond Stockholders Ecuit 30 000 79.000 158.000 1710 Enter any number in the edit field Done Print D Me Salve This bal, designed for children and young teens, and an adult bat, designed for high school and college-aged at sells for $55, the adult bat sells for $70. Sharpe's highest sales volume is in the first three months of the year as retailers prepare for the spring ba quarter of 2019 follow Ek the icon to view the other data.) More Info ber 31, 2018 Assets a. Budgeted sales are 1,000 youth bats and 3,000 adult bats. Finished Goods Inventory on December 31, 2018, consists of 400 youth bats at $16 b. each and 850 adult bats at $15 each Desired ending Finished Goods iventory is 450 youth bats and 350 adult bats; c. FIFO inventory costing method is used. Direct materials requirements are 42 ounces of wood per youth bat and 60 ounces d. of wood per adult bat. The cost of wood is $0.45 per ounce. Raw Materials Inventory on December 31, 2018, consists of 23,000 ounces of wood e. at $0.45 per Ounce. Desired ending Raw Materials Inventory is 23,000 ounces (Indirect materials are 1. insignificant and not considered for budgeting purposes) G. Each bot requires 0.6 hours of direct labor, direct labor costs average $32 per hour. h. Variable manufacturing overhead is $0.60 per bat. Fixed manufacturing overhead includes $400 per quarter in depreciation and 1. $14,510 per quarter for other costs, such as insurance and property taxes, Fixed selling and administrative expenses include $5,000 per quarter for salaries: $4,500 per quarter for rent: $1,700 per quarter for Insurance, and $150 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 3% of sales nt: 11 ociation (10 Liabilities Stockholders' Equity Print Done 150,000 ockholders equally 171,600 Clear All Check Ans