thee morkis of the year as relailers prepare for the spring baseball seasen. Hutoer's balance sheet for December 31 , 2024 , and other data for the frst qualer of 2 togs folow: (Chick the icon to view tha balanee sheed.) (1) (Clek the icon to view the other data). Read the requements: Requirement 1. Prepare Hubets sales budget lor the Arst quacter of 2025 . Data table Print Done a. Budgeted sales are 1,600 youth bats and 3,100 adult bats. b. Finished Goods Inventory on December 31,2024 , consists of 450 youth bats at $10 each and 840 adult bats at $17 each. c. Desired ending Finished Goods Inventory is 550 youth bats and 460 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 42 ounces of wood per youth bat and 60 ounces of wood per adult bat. The cost of wood is $0.20 per ounce. e. Raw Materials Inventory on December 31,2024 , consists of 25,000 ounces of wood at $0.20 per ounce. f. Desired ending Raw Materials Inventory is 25,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.2 hours of direct labor; direct labor costs average $32 per hour. h. Variable manufacturing overhead is $0.50 per bat. 1. Fixed manufacturing overhead includes $800 per quarter in depreciation and $5,830 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $11,000 per quarter for salaries; $2,000 per quarter for rent; $1,200 per quarter for insurance; and $350 per quarter for depreciation. k. Variable selling and admipistrative expenses include supplies at 4% of sales. Requirements 1. Prepare Huber's sales budget for the first quarter of 2025 . 2. Prepare Huber's production budget for the first quarter of 2025 . 3. Prepare Huber'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. 4. Prepare Huber's cost of goods sold budget for the first quarter of 2025 . 5. Prepare Huber's selling and administrative expense budget for the first quarter of 2025