Reference no: EM13990721
The Beta Batting Company manufactures wood baseball bats. Beta's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college- aged players. Beta sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $ 40; the adult bat sells for $ 70. Beta's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Beta's balance sheet for December 31, 2014, follows:
|
BETA BATTING COMPANY
Balance Sheet
31-Dec-14
|
|
Assets
|
|
|
|
Current Assets:
|
|
|
Cash
|
$ 30,000
|
|
|
Accounts Receivable
|
24,500
|
|
|
Raw Materials Inventory
|
13,000
|
|
|
Finished Goods Inventory
|
21,000
|
|
|
Total Cogent Assets
|
5 88,500
|
|
|
Property, Plant, and Equipment:
|
|
Equipment:
|
125,000
|
|
|
Loss: Accumulated Depreciation
|
-50,000
|
75,000
|
|
Total Assets
|
$163,500
|
|
Liabilities
|
|
|
|
Current
|
|
|
|
Accounts Payable
|
$14,000
|
|
|
Stockholders' Equity
|
|
|
Common Stork
|
$ 100,000
|
|
|
Retained Earnings
|
49,500
|
|
|
Total Stockholders' Equity
|
149,500
|
|
|
Total Liabilities and Stockholders' Equity
|
$ 163,500
|
|
Other data for Beta Batting Company:
a. Budgeted sales are 2,000 youth bats and 3,500 adult bats.
b. Finished Goods Inventory on December 31 consists of 500 youth bats at $ 15 each and 750 adult bats at $ 18 each.
c. Desired ending Finished Goods Inventory is 300 youth bats and 450 adult bats; FIFO inventory costing method is used.
d. Direct materials cost is $ 9 per youth bat and $ 12 per adult bat. e. Desired ending Raw Materials Inventory is $ 5,000 (indirect materials are insignificant and not considered for budgeting purposes).
f. Each bat requires 0.25 hours of direct labor; direct labor costs average $ 20 per hour.
g. Variable manufacturing overhead is $ 0.80 per bat.
h. Fixed manufacturing overhead includes $ 1,000 per quarter in depreciation and $ 5,000 per quarter for other costs, such as insurance and property taxes.
i. Fixed selling and administrative expenses include $ 10,000 per quarter for salaries; $ 3,000 per quarter for rent; $ 1,500 per quarter for insurance; and $ 300 per quarter for depreciation.
j. Variable selling and administrative expenses include supplies at 1% of sales.
Requirements
1. Prepare Beta's sales budget for the first quarter of 2015.
2. Prepare Beta's production budget for the first quarter of 2015.
3. Prepare Beta's direct materials, direct labor budget, and manufacturing overhead budget for the first quarter of 2015. Round the predetermined overhead alloca-tion rate to two decimal places.
4. Prepare Beta's cost of goods sold budget for the first quarter of 2015.
5. Prepare Beta's selling and administrative expense budget for the first quarter of 2015.
|
Contains real numbers of arbitrarily large
: If S exists, then S(x, y) = 0 ∈ R. Then by Problem 4 there must be neighborhoods U of x and V of y in K such that S(u, v) ∈ R and |S(u, v)| 1 for all u ∈ U and v ∈ V . Show, however, that each of U and V contains real numbers of arbitrarily l..
|
|
Problem regarding the compact closure
: Hint: Given any x ∈ X , let U be a neighborhood of x with compact closure. Show that there is a continuous real function f on X ,0 at x , and 1 on X \U . Use this function to show that x is not in the closure of K \U .
|
|
Cauchy net converges to some element
: The uniform space is called complete if every Cauchy net converges to some element of S (for the topology of U ). If a metric space (S, d) is complete, prove it is also complete as a uniform space.
|
|
Find the speed of the block just after leaving the spring
: A 2.00-kg block is pushed against a 400 N/m spring, compressing it 22.0 cm. When the block is released, it moves along a frictionless horizontal surface and then up an incline. The angle of the incline is 30.00 and the coefficient of kinetic frict..
|
|
Prepare betas production budget for the first quarter
: Prepare Beta's production budget for the first quarter of 2015. Prepare Beta's selling and administrative expense budget for the first quarter of 2015.
|
|
Separated uniformity never converges
: Show that if S has more than one point, a separated uniformity never converges as a filter for its product topology.
|
|
Which competitive priorities are focused on by lululemon
: Which competitive priorities are focused on by lululemon
|
|
Different uniformities giving the topology
: For the real line with usual topology, find two different uniformities giving the topology. Hint: Give two metrics for the topology such that the identity is not uniformly continuous from one metric to the other.
|
|
What is the density of the stretched string
: An apparatus similar to the one used in the oscillation part of this experiment is used to find the speed of a wave on a string. First, we need to find the stretched string density and its uncertainty. What is the uncertainty in the density found i..
|