The

Sosa

Batting Company manufactures wood baseball bats.

Sosa'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.

Sosa

sells the bats to sporting goods stores and all sales are on account. The youth bat sells for

$50;

the adult bat sells for

$55.

Sosa's

highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season.

Sosa's

balance sheet for

December

31,

2018,

and other data for the first quarter of

2019

follow:

Bats CENA , Requirement 1. Prepare Vinson's sales budget for the first quarter of 2019. Vinson Batting Company Sales Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Total Budgeted bats to be sold Sales price per unit Total sales Requirement 2. Prepare Vinson's production budget for the first quarter of 2019. Vinson Batting Company Production Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be sold Plus: Desired bats in ending inventory Total bats needed Less: Bats in beginning inventory Budgeted bats to be produced Requirement 3. Prepare Vinson's direct materials budget, direct labor budget, and manufacturing overhead budget for the Begin by preparing the direct materials budget. Vinson Batting Company Direct Materials Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be produced Direct materials per bat (ounces) Direct materials needed for production Desired direct materials in ending inventory (ounces) Total direct materials needed Less: Direct materials in beginning inventory (ounces) Budgeted purchases of direct materials Direct materials cost per ounce Budgeted cost of direct materials HI, Plus: Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX Review the production budget you prepared above. Vinson 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, Review the production budget you prepared above. Review the direct labor budget you prepared above. Vinson Tire 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 Vinson'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 Choose from any list or enter any number in the innut fields and then clickCheck Answer Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Vinson Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2019 Youth Bats Adult Bats Total Bats produced and sold in 1st quarter of 2019 Total budgeted cost of goods sold Requirement 5. Prepare Vinson's selling and administrative expense budget for the first quarter of 2019. Review the sales budget you prepared above. Vinson Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2019 Total budgeted selling and administrative expense