$$ Budgeted income statement, and supporting budgets

a$.$ Estimated sales for January:

Bird house $15,000$ units at $$25$ per unit

Bird feeder $40,000$ units at $$15$ per unit

b$.$ Estimated inventories at January $1$:

Direct materials:

Wood $600R.$

Plastic $1,000$ ibs.

Finished products:

Bird house $1,000$ units at $$15$ per unit

Bird feeder $2,500$ units at $$8$ per unit

c$.$ Desired imventories at January $31$ :

Direct materials:

Wood $500R.$

Plastic $1,250$ ibs:

Finished products:

Bird house $1,500$ units at $$15$ per unis

Bird feeder $3,000$ units at $$8$ per unit

d$.$ Direct materials used in production:

In manufacture of Bird House:

Wood $0\mathrm{.}80f.$ per unit of product

Piastic $0\mathrm{.}10$ ib$,$ per unit of product

In manufacture of Bird Feeder:

Wood $0\mathrm{.}20ft,$ per unit of product

Plastic $1\mathrm{.}00lb,$ per unit of produc

Anticipated cost of purchases and beginning and ending inventory of direct materials

Wood $$2\mathrm{.}50$ per R$.$ Plastic $$0\mathrm{.}80$ per ils.

f$.$ Direct labor requirements:

Bird House:

Fabrication Department $0\mathrm{.}40hr,$ at $$18$ per hr

Assembly Department $0\mathrm{.}20$ he$,$ at $$12$ per hs$.$

Bird Feeder:

Fabrication Department $0\mathrm{.}25$ he$,$ at $$18$ per ht

Assembly Department $0\mathrm{.}10hr,$ at $$12$ per hr$.$

Estimated factory owerhead costs for January:

Indirect factory wages

Depreciation of plant and equipment

Power and light

Insurance and property tax

h$.$ Estimated operating expenses for January:

i$.$ Estimated other revenue and expense for January:

Interest revenve $$4,540$

Interest expense $3,000$

j$.$ Estimated tax rate: $25\%$

Required:

Prepare a sales budget for January.

Prepare a selling and administrative expenses budget for hanuary.

a$.$ Prepare a budpeted income statement for Jamary in the Oher reverue and expense section, indicate expenses as negative amoums.

$,$

Prepare a production budget for January, For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Prepare a direct materials purchases budget for January. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Birding Homes a Feeders Inc.

Budgeted Income Statement For the Month Ending January $3$ I