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Answer-Prepare for January 2023:

-Direct materials purchases budget

-Direct labor costs budget

-Factory overhead budget

The Budget director of Sunhelmet Corp., with your assistance, has gathered the following data for use in developing the budgeted income statement for January 2023: A. Estimated sales for January: Batting helmet... 5,000 units at $60 per unit Football helmet. 4,000 units at $160 per unit B. Estimated inventories (beginning) at January 1: Direct materials: Plastic........... 400 lbs. Foam lining...... 500 lbs. Finished products: Batting helmet... 600 units at $30 per unit Football helmet... 350 units at $90 per unit C. Desired inventories (ending) at January 31: Direct materials: Plastic............500 lbs. Foam lining........550 lbs. Direct materials used in production: In manufacture of batting helmet: Plastic... Finished products: Batting helmet. .430 units at $30 per unit Foam lining... 1.20 lbs. per unit of product .50 lbs. per unit of product In manufacture of football helmet: Plastic... 3.50lbs. per unit of product Foam lining. 1.50lbs. per unit of product E. Anticipated cost of purchases and beginning and ending inventory of direct materials: Foam lining. $5.60 per lb. H. Estimated operating expenses for January