The Trolley Toy Company manufactures toy building block sets for children. Trolley is planning for $2025$ by developing a master budget by quarters. Trolley's balance sheet for December $31,2024,$

follows:

$($Click the icon to view the balance sheet.$)$

Other budget data for Trolley Toy Company:

$($Click the icon to view the other data.$)$

Read the requirements.

Requirement $1.$ Prepare Trolley's operating budget and cash budget for $2025$ by quarter. Required schedules and budgets include: sales budget, production budget, direct materials budget, direct

labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments, and cash budget.

Manufacturing overhead costs are allocated based on direct labor hours. $($Round all calculations to the nearest dollar.$)$

Begin by preparing the sales budget.

Prepare the production budget. Prepare the production budget.

Review the sales budget you prepared above.

$\backslash$table$[[\backslash$table$[[$Trolley Toy Company$],[$Production Budget$],[$For the Year Ended December $31,2025]]],[,\backslash$table$[[$First$],[$Quarter$]],\backslash$table$[[$Second$],[$Quarter$]],\backslash$table$[[$Third$],[$Quarter$]],\backslash$table$[[$Fourth$],[$Quarter$]],$Total$],[$Budgeted sets to be sold,$1,400,1,550,1,700,1,850,6,500],[$Plus: Desired sets in ending inventory,$620,680,740,800,800],[$Total sets needed,$2,020,2,230,2,440,2,650,7,300],[$Less: Sets in beginning inventory,$200,620,680,740,200],[$Budgeted sets to be produced,$=1,820,=1,610,=1,760,1,910,=7,100]]$

Prepare the direct materials budget.

Review the production budget you prepared above. Prepare the direct labor budget. $($Enter any hours per unit amounts to two decimal places, X$.$XX$,$ and round all other amounts to the nearest whole number.$)$ Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per set for $2025.($Round all amounts to the nearest cent.$)$Question $1,$ CompM$9-1($bo

Part $8$ of $35$

Part $8$ of $35$

The Trolley Toy Company manufactures toy building block sets for children. Trolley is $pl$

follows:

$($Click the icon to view the balance sheet.$)$

Other budget data for Trolley Toy Company:

$($Click the icon to view the other data.$)$

Read the requirements.

Prepare the selling and administrative expense budget.

Review the sales budget you prepared above.