0.50 hr. at 517 per 0.60 hr. at $15 per 1.0 hr. at $14 perh Backyard Chef: Stamping Department.. Forming Department. Assembly Department Master Chef: Stamping Department... Forming Department. Assembly Department. 0.60 hr. at $17 per 0.80 hr. at $15 per 1.50 hrs. at $14 per Instructions 1. Prepare a sales budget for July. 2. Prepare a production budget for July. 3. Prepare a direct materials purchases budget for July. 4. Prepare a direct labor cost budget for July PR 6-3A Budgeted income statement and supporting budgets OBJ. 4. - Prepare the basic operating budgets for a manufacturing company The budget director of Feathered Friends Inc. with the assistance of the controller, treasurer production manager and sales manager, has gathered the following data for use in developing the budgeted income statement for December 2016 * Serember a. Estimated sales for December: Bird house Bird feeder. 3,200 units at $50 per unit 3,000 units at $70 per unit b. Estimated inventories at December 1: Direct materials: Wood Plastic WA Finished products: Bird house. Bird feeder.. 200 ft. 240 lbs. RRR 320 units at $27 per 270 units at $40 per ... c. Desired inventories at December 31: 4/9 brystaticbluVindexhtml?nbid=167747&nbNodo id=47776796&SBN=9781305267909#1&parentid=47776803 Print Preview Direct materials: Wood Plastic 220 ft 200 lbs. Finished products: Bird house Bird Feeder 290 units at 527 per 250 units at $41 per d. Direct materials used in production Direct materials: 220 ft. Plastic... 200 lbs. Wood ......... Finished products: Bird house. Bird feeder.. 290 units at $27 per 250 units at $41 per d. Direct materials used in production: In manufacture of Bird House: Wood 0.80 ft. per unit of product Plastic... 050 lb, per unit of product MONE In manufacture of Bird Feeder: Wood 1.20 ft.per unit of pro Plastic 0.75 lb, per unit of pro ... e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $7.00 per ft. Plastic $1.00 per lb f. Direct labor requirements: Bird House: Fabrication Department Assembly Department.. Bird Feeder: Fabrication Department Assembly Department 0.20 hr at $16 per h 0.30 hr at $12 per h 0,40 hr at S16 perhe 0.35 hr at $12 perh g. Estimated factory overhead costs for December Indirect factory wages Depreciation of plant and equipment $75,000 23,000 Power and light Insurance and property tax 56,000 5.000 h. Estimated operating expenses for December Sales salaries expense Advertising expense Office salaries expense Depreciation expense office equipment Telephone expense selling Telephone expense administrative Travel expenseselling Office supplies expense Miscellaneous administrative expense $70,000 18,000 21,000 600 550 250 4,000 200 400 Estimated other income and expense for December: ing.cengage.com/staticb/uvindex.html?mbid=167747&nbNode id=477767968eISBN=9781305267909#!&parentid=47776803 5/2017 Print Preview $200 Interest revenue Interest expense 122 3. Estimated tax rate: 30% Instructions 1. Prepare a sales budget for December 2. Prepare a production budget for December Interest revenue Interest expense $200 122 J. Estimated tax rate: 30% Instructions 1. Prepare a sales budget for December 2. Prepare a production budget for December. 3. Prepare a direct materials purchases budget for December 4. Prepare a direct labor cost budget for December 5. Prepare a factory overhead cost budget for December. 6. Prepare a cost of goods sold budget for December. Work in process at the beginning of December is estimated to be $29,000, and work in process at the end of December is estimated to be $35.400. 7. Prepare a selling and administrative expenses budget for December 8. Prepare a budgeted income statement for December PR 6-4A Cash budget OBJ. 5 - Prepare financial budgets for a manufacturing company The controller of Sonoma Housewares Inc. instructs you to Cash budget OBJ. 5 - Prepare financial budgets for a manufacturing company. The controller of Sonoma Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: SHOW ME HOW Sales Manufacturing costs Selling and administrative expenses Capital expenditures May $86,000 34,000 15.000 June July $90,000 $95,000 39,000 44,000 16,000 22.000 80,000 The company expects to sell about 10% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month following the sale FEATHERED FRIENDS INC. Sales Budget For the Month Ending December 31, 2016 Unit Sales Unit Seling Volume Price Product Total Sales Bird house Bird feeder Total revenue from sales 2. FEATHERED FRIENDS INC. Production Budget For the Month Ending December 31, 2016 Units Bird House Bird Feeder Expected units to be sold Total Total units to be produced FEATHERED FRIENDS INC. Direct Materials Purchases Budget For the Month Ending December 31, 2016 Wood (feet) Plastic (lbs.) Total Required units for production Bird house Bird feeder Total Total units to be purchased Unit price Total direct materials to be purchased 4. FEATHERED FRIENDS INC. Direct Labor Cost Budget For the Month Ending December 31, 2016 Fabrication Assembly Department Department Total Hours required for production Bird house Bird Feeder Total Direct Labor Cost Budget For the Month Ending December 31, 2016 Fabrication Assembly Department Department Total Hours required for production Bird house Bird feeder Total Hourly rate Total direct labor cost FEATHERED FRIENDS INC. Factory Overhead Cost Budget For the Month Ending December 31, 2016 Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax Total 12 FEATHERED FRIENDS INC. Cost of Goods Sold Budget For the Month Ending December 31, 2016 Direct materials: Direct materials purchases Cost of direct materials available for use Cost of direct matenals placed in production Direct labor Factory overhead Total manufacturing costs Total work in process during period Cost of goods manufactured Cost of finished goods available for sale Cost of goods sold Supporting calculations: Units Cost Total Finished goods inventory Dec 1, 2016 Bird house Supporting calculations: Units Cost Total Finished goods inventory, Dec. 1, 2016 Bird house Bird feeder Total Finished goods inventory, Dec. 31, 2016 Bird house Bird feeder Total Direct materials inventory, December 1, 2016 Wood Plastic Total Direct materials inventory, December 31, 2016 Wood Plastic LIIT FEATHERED FRIENDS INC. Selling and Administrative Expenses Budget For the Month Ending December 31, 2016 Selling expenses: Total selling expenses Administrative expenses. Total administrative expenses Total operating expenses