- Requirement 1 Prepare Sosa S Sales Budget For The First Quarter Of 2025 Sosa Batting Company Sales Budget For The Quar 1 (18.86 KiB) Viewed 10 times
- Requirement 1 Prepare Sosa S Sales Budget For The First Quarter Of 2025 Sosa Batting Company Sales Budget For The Quar 2 (29.36 KiB) Viewed 10 times
- Requirement 1 Prepare Sosa S Sales Budget For The First Quarter Of 2025 Sosa Batting Company Sales Budget For The Quar 3 (29.37 KiB) Viewed 10 times
- Requirement 1 Prepare Sosa S Sales Budget For The First Quarter Of 2025 Sosa Batting Company Sales Budget For The Quar 4 (24.41 KiB) Viewed 10 times
- Requirement 1 Prepare Sosa S Sales Budget For The First Quarter Of 2025 Sosa Batting Company Sales Budget For The Quar 5 (29.72 KiB) Viewed 10 times
The Sosa Batting Company manufactures wood baseball bats. Sosa's two primary products are a youth bat, designed for children and young teens, and an adul bat, designed for high school and college-aged players. Sosa sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $55; the adult bat sells for $65. Sosa's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Sosa'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. Requirement 1. Prepare Sosa's sales budget for the first quarter of 2025. Sosa Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Budgeted bats to be sold Sales price per unit Total sales 55 $ 65 Total
Budgeted bats to be sold Sales proe per unit 5 55 More info 65 a. Budgeted sales are 1.300 youth bats and 2,900 adult bats b. Finished Goods Inventory on December 31, 2024, consists of 550 youth bats at $20 each and 840 adult bats at $16 each Desired ending Finished Goods Inventory is 450 youth bats and 320 adult bats FIFO inventory costing method is used d. Deect materials requirements are 40 ounces of wood per youth bat and 62 ounces of wood per adult bat. The cost of wood is $0.35 per ounce Raw Materials inventory on December 31, 2024, consists of 30,000 ounces of wood at $0.35 per ounce t. Desired ending Raw Materials inventory is 30,000 ounces (indirect materials are insignificant and not considered for budgeting purposes) 9. Each bat requires 0.3 hours of direct labor direct labor costs average $16 per hour h. Variable manufacturing overhead is $0.80 per bat Fixed manufacturing overhead includes $1,100 per quarter in depreciation and $332 per quarter for other costs, such as insurance and property taxes Fixed seling and administrative expenses include $5,000 per quarter for salaries $3,000 per quarter for rent $1,400 per quarter for insurance, and $250 per quanter for depreciation k Variable selling and administrative expenses include supplies at 4% of sales Print Done
Data table Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment Sosa Batting Company Balance Sheet December 31, 2024 Assets Equipment Less: Accumulated Depreciation Total Assets Current Liabetes Accounts Payable Common Stock, no par Retained Earnings Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity S Print 20.000 22,800 10,500 24.440 135,000 (60,000) Done 5 $ 50.000 94,740 $ 77,740 75,000 152,740 8,000 144,740 S 152,740
prophet MERK sales Requirements 1. Prepare Sosa's sales budget for the first quarter of 2025. 2. Prepare Sosa's production budget for the first quarter of 2025, 3. Prepare Sosa'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 Sosa's cost of goods sold budget for the first quarter of 2025. 5. Prepare Sosa's selling and administrative expense budget for the first quarter of 2025. Print Done - X