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(Click the icon to view the other data.) Data table Requirements 1. Prepare Haney's sales budget for the first quarter of 2025. 2. Prepare Haney's production budget for the first quarter of 2025. 3. Prepare Haney'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 Haney's cost of goods sold budget for the first quarter of 2025. 5. Prepare Haney's selling and administrative expense budget for the first quarter of 2025. Requirement 2. Prepare Haney's production budget for the first quarter of 2025. ase is direct labor hours. egin by preparing the direct materials budget. Review the production budget you prepared above. Haney Batting Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 VOH cost per bat Budgeted VOH Budgeted FOH Depreciation Insurance and property taxes Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Requirement 4. Prepare Haney'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 bat for 2025 . (Round all amounts to the nearest cent.) Requirement 5. Prepare Haney's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above. (Click the icon to view the other data.) Data table Requirements 1. Prepare Haney's sales budget for the first quarter of 2025. 2. Prepare Haney's production budget for the first quarter of 2025. 3. Prepare Haney'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 Haney's cost of goods sold budget for the first quarter of 2025. 5. Prepare Haney's selling and administrative expense budget for the first quarter of 2025. Requirement 2. Prepare Haney's production budget for the first quarter of 2025. ase is direct labor hours. egin by preparing the direct materials budget. Review the production budget you prepared above. Haney Batting Company Manufacturing Overhead Budget For the Quarter Ended March 31, 2025 VOH cost per bat Budgeted VOH Budgeted FOH Depreciation Insurance and property taxes Total budgeted FOH Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Requirement 4. Prepare Haney'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 bat for 2025 . (Round all amounts to the nearest cent.) Requirement 5. Prepare Haney's selling and administrative expense budget for the first quarter of 2025. Review the sales budget you prepared above

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