The Vinson Batting Company manufactures wood baseball bats. Vinson'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. Vinson sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $45; the adult bat sells for $55. Vinson's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Vinson's balance sheet for December 31, 2024, and other data for the first quarter of 2025 follow:

Vinson Batting Company Balance Sheet December 31, 2024 Assets Current Assets: Cash $ 14,000 Accounts Receivable 17,900 Raw Materials Inventory 8,000 Finished Goods Inventory 13,800 Total Current Assets $ 53,700 Property, Plant, and Equipment: Equipment 145,000 (25,000) Less: Accumulated Depreciation 120,000 $ 173,700 Total Assets Liabilities Current Liabilities: Accounts Payable $ 13,600 Stockholders' Equity Common Stock, no par $ 70,000 90,100 Retained Earnings Total Stockholders' Equity 160,100 $ 173,700 Total Liabilities and Stockholders' Equity a. Budgeted sales are 1,400 youth bats and 3,100 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 600 youth bats at $11 each and 450 adult bats at $16 each. C. Desired ending Finished Goods Inventory is 300 youth bats and 240 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 50 ounces of wood per youth bat and 62 ounces of wood per adult bat. The cost of wood is $0.40 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 20,000 ounces of wood at $0.40 per ounce. f. Desired ending Raw Materials Inventory is 20,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.3 hours of direct labor; direct labor costs average $30 per hour. h. Variable manufacturing overhead is $0.70 per bat. i. Fixed manufacturing overhead includes $400 per quarter in depreciation and $6,383 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $8,000 per quarter for salaries; $4,500 per quarter for rent; $1,300 per quarter for insurance; and $250 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 2% of sales. The Vinson Batting Company manufactures wood basebal bats. Vinson's two primary products are a youth tat desgned for children and young teens, and an adult bat, designed for high school and calcge aged players. Vinson sels the bats to sporting goods stores and al sales are on account. The youth bat sals for $45: the adult hat sails for $56. Vrson's highest sales volume is in the first three months of the yer as rotalarsampan for the spring baseball season. Vinson's balance shoot for Danember 31, 2024, and other data for the quarterct 2025 tok Click the icon to view it worce ulice (Click the icon to view the other data. Read the airements Requirement 1. Prepare Vinson's le budget for the first quarter of 2025. Vinson Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bates Bats Total Budgated bara ha and Salas price per unit Totalles Requirement 2. Prepare Vinson's produc.on budget for the frst quarter of 2025 Vinson Batting Company Production Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Plus Total bats needed Less: Budgated bats so he produced Requirement 3. Prepare Vinson'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. Vinson Batting Company Direct Materials Budget For the Quarter Ended March 31, 2025 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. Vinson Batting Company Direct Labor Budget For the Quarter Ended March 31, 2025 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. Vinson Batting Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 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 2025. Before preparing the cost of goods sold budget, calculate the projected manufacturing cost per bat for 2025. (Round all amounts to the nearest cent.) Youth Bats Adult Bats Total projected manufacturing cost per bat for 2025 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, 2025 Youth Adult Bats Bats Total Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold Requirement 5. Prepare Vinson's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. Vinson Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Total budgeted selling and administrative expense