Question

The Mata Batting Company manufactures wood baseball bats. Mata'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. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $ 60; the adult bat sells for $ 70. Mata's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Mata's balance sheet for December31, 2018, and other data for the first quarter of 2019

​follow:

Requirement 1. Prepare Matas sales budget for the first quarter of 2019 Mata Batting Company Sales Budget For the Quarter EnData Table Mata Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash 14,000 Accounts Receivable 26,200a. Budgeted sales are 1,700 youth bats and 3,400 adult bats. b. Finished Goods Inventory on December 31, 2018, consists of 35

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Answer #1
Budgeted sales calculates the budgeted sales revenue which would be generated by company for coming period
Budgeted sales Budgeted unit sales*Selling price per unit
The sales budget for First quarter of 2019 is shown below
Mata Batting Company
Sales budget
For the Quarter Ended March 31, 2019
Youth Bats Adult Bats Total
Budgeted bats to be sold 1700 3400 5100
Sales price per unit $60 $70
Total sales $102,000 $238,000 $340,000
Thus, budgeted total sales is $340,000.
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