This question: 40 point(s) possible Submit test ant The Langley Batting Company manufactures wood baseball bats. Langley's two primary products are a youth bat, designed for children and young teens, and an adu bat, designed for high school and college-aged players. Langley sells the bals to sporting goods stores and all sales are on account. The youth bat sells for $40, the adult bat sells for $65. Langley's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Langley's balance sheet for December 31, 2024, and other data for the first quarter of 2025 follow Click the icon to view the balance sheet.) Click the icon to view the other data.) Read the requirements ag Requirement 1. Prepare Langley's sales budget for the first quarter of 2025 Langley Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total nin Budgeted bats to be sold Bales price per unit Townhos Requirement 2. Prepare Langley's production budget for the first quarter of 2005 Langley Batting Company Production Budget liri in Show work Next More info a. Budgeted sales are 1,200 youth bats and 2,600 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 300 youth bats at $14 each and 950 adult bats at $18 each c. Desired ending Finished Goods Inventory is 350 youth bals and 300 adult bals: FIFO inventory costing method is used. d. Direct materials requirements are 48 ounces of wood per youth bat and 56 ounces of wood per adult bat. The cost of wood is $0.25 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 24.000 ounces of wood at $0.25 per ounce. F. Desired ending Raw Materials Inventory is 24.000 ounces (indirect materials are insignificant and not considered for budgeting purposes), g. Each bat requires 0.7 hours of direct labor, direct labor costs average $18 per hour h. Variable manufacturing overhead is $0.30 per bat. 1. Fixed manufacturing overhead includes $1,300 per quarter in depreciation and $20,140 per quarter for other costs, such as insurance and property taxes, 1. Fixed selling and administrative expenses include $9,000 per quarter for salaries: $2,500 per quarter for rent; $1,000 per quarter for insurance; and $200 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 2% of sales 25 Print Done direct Company is Budget Data table Langley Balting Company Balance Sheet December 31, 2024 Assets Current Assets Cash 30.000 Accounts Receivable 16,700 6,000 Raw Materials inventory Finished Goods Inventory 21,300 Total Current Assets $ 74.000 Property. Plant, and Equipment: Equipment Less: Accumulated Depreciation 130,000 (50,000) 80,000 Total Assets 154,000 Liabilities Current Liabilities: $ 15,200 Accounts Payable Stockholders' Equity Common Stock, no par $ Retained Earnings Total Stockholders' Equity 90,000 48,800 138,800 te to $ Total Liabilities and Stockholders' Equity 154,000 Print Done Fork Requirement 1. Prepare Langley's sales budget for the first quarter of 2025. Langley Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Budgeted bats to be sold Sales price per unit Total sales Requirement 2. Prepare Langley's production budget for the first quarter of 2025. Langley Batting Company Production Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Plus: Total bats needed Less: Budgeted bats to be produced mint video he Desde www. Van Prepare the direct labor budget. (Enter any hours per unit amounts to two decimal places, X.XX.) Review the production budget you prepared above. Langley 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 VIVAN Prepare the manufacturing overhead budget (Enter my perust mounts 19 ho decimal places. XX Abbreviation set VOH variable mariacturing overheat; FOH tend a dacturing overtrekt) Review the production budget you prepared above Review the direct labor budget you prepared above Langley Batting Company Manufacturing Dead Budget For the Quarter Ended March 31, 2015 Youth Ad Total VOH sport Dude VOH Dudged TH Der Innend property Yule FOH Requirement 4. Prepare Langley'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 bot for 2025. (Round all amounts to the nearest cont.) Youth Bats Adult Bats Total projected manufacturing cont 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. Requirement 5. Prepare Langley's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. Langley Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 31, 2025 Total budgeted selling and administrative expense