Question

Requirement 4. Fropare Sharpe's cost of goods sold budget for th first quarter of 2019 Before preparing the cost of goods sold budget calculate the projected manufacturing cest per bat for 2019. (Round al amounts to the nearest cent.) Youth Bats Adult Bats Direct materials cost per bat 10.10 S 10.80 Production Budget 4 00 Direct labor cost per bat 220 20 Marufarcturing averhcad ccst per bat 16.80 17.00 Total projected manufacturing.cost per bat for 2019 X ASales Budget Sharpe Batting Company Now prepare the cost of goods sold budget Review he sales budgel you prepared above Review the production budget you prepared above For the Quarter Ended March 31, 2019 Youth Adult Sharpe Batting Company Sharpe Batting Company Total Bats Bats Sales Budget Cost of Goods Sold Budget Budketed bats to be sold For the Quarter Ended March 31, 2019 100 3.30 4400 For the Quarter Ended March 3 2019 390 150 240 Youth Adult Desired bets in ending iventory Plus. Youth Adult Total Bats Bats 3,540 lotal bats needed 250 4,790 Bats Bats Tata 450 1.06C Budccted bats to be sold 1,100 3,300 4.400 Bats in beginning invontory Less 6oll 3.090 Sales price per uni ec 3 740 Budgetcd bats to be producod Bats producod and sold in 1st quartor of 2019 214.500 280,50 Tolal sales Total budgeted cost of goods sold Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. part Check Answer

Answer 1

		Youth Bat	Adult Bat
a	Direct Material Required per bat (ounces)	52	54
b	Direct Material Cost per ounce	$            0.20	$              0.20
c	Direct Material Cost per bat (axb)	$          10.40	$            10.80
d	Direct Labor hours per unit	0.2	0.2
e	Direct Labor Cost per hour	$          20.00	$            20.00
f	Direct Labor Cost per bat (dxe)	$            4.00	$              4.00
g	Variable Manufacturing Overhead per bat	$            0.90	$              0.90
h	Fixed Manufacturing Overhead per bat	$            1.30	$              1.30
i	Cost of Goods Sold per unit (c+f+g+h)	$          16.60	$            17.00

Fixed Manufacturing Overhead per unit = ($1100 + 3762) / 3740 i.e. total production = $1.30 per unit

Cost of Goods Sold Budget
	Youth Bat	Adult Bat	Total
Cost of Goods Sold per unit (c+f+g+h)	$          16.60	$            17.00
Budgeted Bats produced and sold	500	2850
Budgeted Cost of Goods Produced and Sold	$    8,300.00	$   48,450.00	$   56,750.00
Add: Beginning Inventory of Finished Goods			$   13,950.00
Total Cost of Goods Sold			$   70,700.00

Budgeted Bats produced and sold = Bats Produced - Ending inventory