The Virson Batting Company manufactures wood basebalt bats. Vinson's two primary products are a youth bat, designed for chaldren and young teens, and an acult bat designed for high school and college-3ged players. Vinson sells the bats to sporting goods stores and al sales are on account. The youth bat aels for 545 , the adult bat sols for $55 Vinson's hinhest sales volume is in the first three months of the year as retallers prepare for the spring baseball season. Vason's balance stipet for December 31 . 2024 , and other data for the first quarter of 2025 follow (Click the icon to viow the balance sheet) (Click the icon to wiew the other data) Read the requitemonts Requirement 1. Prepare Vinson's sales budget for the first quarter of 2025 Data table Data table Requirement 2. Prepare Vinson's production budget for the first quarter of 2025. Requirement 3. Prepare Vinson's direct materials budget, direct labor budget, and manufacturing overhead budg 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 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 ampunts to two decimal places, Xx ) Review the production badget you prepared above: maniafacturing overtiend) Review the production budget you prepared above. Review the direct labor budget you prepared above. Requirement 4. Prepare Vinson's cost of goods sold budget or the first quarter of 2025 Before preparing the cost of goods sold budget, caiculate the projected manufacturing cost per bat for 2025 Round aill amounts to the nearest cent) Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Requirement 5. Prepare Vinson's selling and administrative expense budget for the first quarter of 2025 Review the sales budget you prepared above Requirement 5. Prepare Vinson's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. The Virson Batting Company manufactures wood basebalt bats. Vinson's two primary products are a youth bat, designed for chaldren and young teens, and an acult bat designed for high school and college-3ged players. Vinson sells the bats to sporting goods stores and al sales are on account. The youth bat aels for 545 , the adult bat sols for $55 Vinson's hinhest sales volume is in the first three months of the year as retallers prepare for the spring baseball season. Vason's balance stipet for December 31 . 2024 , and other data for the first quarter of 2025 follow (Click the icon to viow the balance sheet) (Click the icon to wiew the other data) Read the requitemonts Requirement 1. Prepare Vinson's sales budget for the first quarter of 2025 Data table Data table Requirement 2. Prepare Vinson's production budget for the first quarter of 2025. Requirement 3. Prepare Vinson's direct materials budget, direct labor budget, and manufacturing overhead budg 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 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 ampunts to two decimal places, Xx ) Review the production badget you prepared above: maniafacturing overtiend) Review the production budget you prepared above. Review the direct labor budget you prepared above. Requirement 4. Prepare Vinson's cost of goods sold budget or the first quarter of 2025 Before preparing the cost of goods sold budget, caiculate the projected manufacturing cost per bat for 2025 Round aill amounts to the nearest cent) Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Requirement 5. Prepare Vinson's selling and administrative expense budget for the first quarter of 2025 Review the sales budget you prepared above Requirement 5. Prepare Vinson's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above
