2. Prepare a production budget for January. 3. Prepare a direct materials purchesef budget for January. Round your unit price answers to two decimal places. . Prepare a direct materials purchases budget for January. Round your unit price answers to two decimal places. 4. Prepare a direct labar cost budget for January. 5. Prepare a factory overnead cost budget for January. Birds and Beyond Inc. Budgeted Income Statement For the Month Ending January 31 Operating expenses: Total operating expenses: Other revenue: Other expenses: Prepare a direct materials purchases budget for January. Round your unit price answers to two decimal places. Bucgeted Income Statument and Supporting Dudgets income watemens for Zanuar: b. Edimated innentaries at January 1: Direct materiab: Wood Funtec tos . Finished prpalots: Burathocive 300 ints at 278 per und ort lesder 210 unes at sto per une c. Desires imventones at Jacuary 31 ! Dinct mathrials: \begin{tabular}{|c|c|} \hline weod & 270. \\ \hline Mostic. & 340es \\ \hline \multicolumn{2}{|c|}{ rinsed produrta: } \\ \hline Bishouse & 400 units at 520 per une \\ \hline gursifenoer & Leveris at 140 per unh \\ \hline \end{tabular} 6. Prepare a cost of goods sold budget for Jonuary. Work in process at the beginning of January is estimated to be 533,600 , and work in process at the end of January is estimated to be $41,200. 5. Prepare a factory overtiead cont budget for Jonvary. 6. Prepare a cost of goods sold budget for January. Work in process at the teginning of January is estimated to be $33,600, and work in process at the end of January is estimated to be $41,200. 7. Prepare a selling and administrative expenses budget for January. 1. Prepare a sales budget for January. For the Mo 2. Prepare a production budget for January. Direct moteriak: Cost of dirtect materials avaloble for use Cost of dired moterials ploced in production Total manutacturing coitis Yotal work in precests ifuing the pertod Cost of goods marufactured Cost of nnahed ooodt avmlabie tor saie Cost of goods sold 4. Prepare a direct labor cost budget for January. BIrds and Beyond Inc. d. Direct materials used in production: In manufacture of BirdHouse: Airds and fevend Inc- Cost of Goods sold Budget For the Month Ending January 31 Orect materiale: Cod of darect inaterials iavalioble for ince 7. Prepare a selling and administrative expenses budget for January. 8. Prepare a budgeted income statement for January. 2. Prepare a production budget for January. Birds and Beyond Inc. Production Budget 9. Estimated factory overhead costs for January: indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax h. Estimated operating expenses for January: Sales salaries expense Advertising expense Orfice solaries expense Depreciation expense-omce equipment Telephone expense-selling Tolephone expense-administrative Travel expense-seling orfice supplies expense. Miscellaneous administrative expense 1. Estimated other income and expense for January: Interest revenue $85,10017,60019,2001,1001,0004003,800350250 400 3,800 350 250 Interest expense $450 1. Estimated tax rote: 25% 204 In manufacture of BirdHouse: Wood 0.80ft. per unit of product Plastic 0.50ib. per unit of product In manufacture of Bird Feeder: Wood 1.20ft. per unit of product Plastic 0.75ib, per unit of product Budgeted Income Statement and Supporting Budgets The budget director of Birds and Beyond Inc, with the assistance of the controleer, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for January: b. Estimated inventories at January 1: Direct materials: Wood 198n : Plastic 420lb. Finished products: Birahouse 500 units at $28 per unit Bird feeder 210 units at $40 per unit c. Desired inventories at January 31 : Direct materias: wood 220n. Diastic 340ib. Anished products: Birahouse 400 units at $25 per unit birat feede! 250 units at 540 per unit d. Direct moteriois used in preduction. Birds and Beyond Inc. Selling and Administrative Expenses Budget For the Month Ending January 31 Seliing expenses: Sales salaries expense Advertising expense Telephorie expense-selling Travel expense-selling Total selling expenses Administrative expenses: office salaries expense Depreciation expense-office equipment Telephone expense-administrative Orfice supplies expense Miscellaneous administrative expense Total administrative expenses Total operating expenses Birds and Beyond Inc. Budgeted Income Statement For the Month Ending January 31 Operating expenses: Total operating expenses Other revenue: Other expenses: 4. Prepare a direct labor cost budget for January. Birds and Beyond Inc. Direct Labor Cost Budget Insurance and property tax 2,800 h. Estimated operating expenses for January: Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment Telephone expense - selling Telephone expense-administrative Travel expense-selling orfice supplies expense Miscellaneous administrative expense $85,100 17,600 19,200 1,100 1,000 400 3,800 350 250 1. Estimated other income and expense for January: Interest revenue Interest expense $450 j. Estimated tox rate: 25% 294 1. Prepare a sales budget for January. 8. Prepare a budgeted income statement for Janwary