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The Langley Batting Company manulactures wood basebal bats. Langley's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed tor high school and college-eged players. Langley seils the bats to sporting goods stores and all sales are cn account. The youth bat sels for $40; the adut batseits for $65; Langley's highest sales volume is in the first three months of the year as tetailers prepare for the speing basebait season. Langloy's balance aheot for December 31 , 2018 , and oher data for the first quarter of 2019 follow. (Click the icon to view the balance sheet) (i) (Cick the icon to view the other data.) Read the Requirement 2. Prepare Langleys production budget for the first quarter of 2019. Data table Nlore info a. Budgoted sales ane 1,200 youth bats and 2,600 aduat bats. Finished Goods inventory on Docomber 31,2018 , consists of 300 youth bats at 514 b. each and 999 adut bats at $16 each. Desired ending Finshed Goods invenfory is 350 youth bats and 300 asit bats; c. FHO inventory costing method is used. Direct materials requirements are 48 ounces of wood per youth bat and 56 cunces d. of wood per adult bat. The cost of wood is 50.25 per ounce. Paw Maserials inventory on December 31, 2018, consists of 24,000 cunces of wood c. at $0.25 per ounce. Desired ending Raw Materials invertory is 24,000 ounces (indrect materials are. 1. Insignteant and not considered for budgeting purposes). 9. Each bat requires 0.7 hours of droct labor, drect labor costs average 518 per hour. b. Variable mutufacturing ovehead a 5030 per bat. Fixed manufacturing overhesd includes $1.300 per quarter in depreciation and. i. $20,140 per quarter for other costs, such as insurance and property taxes. Fived seling and adininistrative expenses indude $2.000 per quarler for salaries $2,500 per quarter for rent, 51,000 per quarter for insurance; and $200 per quarter 1. for depeecistion. k. Varable seling and administrosve expenses include supplies at 2% of exies Data table x ing teens, sells for $

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