OTHER DATA:

a$.$

Budgeted sales are $1,900$ youth bats and $3,300$ adult bats.

b$.$

Finished Goods Inventory on December $31,2025,$ consists of $200$ youth bats at $$17$ each and $520$ adult bats at $$18$ each.

c$.$

Desired ending Finished Goods Inventory is $350$ youth bats and $550$ adult bats; FIFO inventory costing method is used.

d$.$

Direct materials requirements are $42$ ounces of wood per youth bat and $54$ ounces of wood per adult bat. The cost of wood is $$0\mathrm{.}20$ per ounce.

e$.$

Raw Materials Inventory on December $31,2025,$ consists of $21,000$ ounces of wood at $$0\mathrm{.}20$ per ounce.

f$.$

Desired ending Raw Materials Inventory is $21,000$ ounces $($indirect materials are insignificant and not considered for budgeting purposes$).$

g$.$

Each bat requires $0\mathrm{.}5$ hours of direct labor; direct labor costs average $$32$ per hour.

h$.$

Variable manufacturing overhead is $$0\mathrm{.}60$ per bat.

i$.$

Fixed manufacturing overhead includes $$700$ per quarter in depreciation and $$12,212$ per quarter for other costs, such as insurance and property taxes.

j$.$

Fixed selling and administrative expenses include $$7,000$ per quarter for salaries; $$1,500$ per quarter for rent; $$2,000$ per quarter for insurance; and $$550$ per quarter for depreciation.

k$.$

Variable selling and administrative expenses include supplies at $2\%$ of sales.

Requirements:

$1.$

Prepare Puckett Batting Company$\text{'}$s sales budget for the first quarter of $2026.$

$2.$

Prepare Puckett Batting Company$\text{'}$s production budget for the first quarter of $2026.$

$3.$

Prepare Puckett Batting Company$\text{'}$s direct materials$$ budget, direct labor$$ budget, and manufacturing overhead budget for the first quarter of $2026.$ Round the predetermined overhead allocation rate to two decimal places. The overhead allocation base is direct labor hours.

$4.$

Prepare Puckett Batting Company$\text{'}$s cost of goods sold budget for the first quarter of $2026.$

$5.$

Prepare Puckett Batting Company$\text{'}$s selling and administrative expense budget for the first quarter of $2026.$