Budgeted Income Statement and Supporting Budgets December: a. Estimated sales for December: \begin{tabular}{ll|} Bird house & 3,200 units at \\ & $50 per unit \\ Bird feeder & 3,000 units at \\ & $70 per unit \end{tabular} b. Estimated inventories at December 1 : Direct materials: Wood 200ft. Plastic 240lbs. Finished products: Bird house 320 units at $27 per unit Bird feeder 270 units at $40 per unit c. Desired inventories at December 31: Direct materials: Wood 220ft. Plastic 200 lbs. Finished products: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $7.00 per ft. Plastic $1.00 per Ib. f. Direct labor requirements: Bird House: Fabrication Department 0.20hr. at $16 per hr. Assembly Department 0.30hr. at $12 per hr. Bird Feeder: Fabrication Department 0.40hr. at $16 per hr. Assembly Department 0.35hr. at $12 perhr. g. Estimated factory overhead costs for December: Indirect factory wages $75,00023,0006,0005,000 Depreciation of plant and equipment Power and light Insurance and property tax h. Estimated operating expenses for December: Sales salaries expense $70,00018,00021,000 Advertising expense Office salaries expense Depreciation expense-office equipment 600 Telephone expense-selling 550 Telephone expense-administrative 250 Required: 1. Prepare a sales budget for December. \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Feathered Friends Inc. Production Budget For the Month Ending December 31 } \\ \hline \end{tabular} Prepare a direct materials purchases budget for December. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Feathered Friends Inc. Direct Materials Purchases Budget For the Month Ending December 31 Wood Was 1 Total Required units for production: Bird house Bird feeder Desired units of inventory, December 31 Total units available Estimated units of inventory, December 1 Total units to be purchased Unit price Total direct materials to be purchased Prepare a direct labor cost budget for December. Feathered Friends Inc. Cost of Goods Sold Budget For the Month Ending December 31 Direct materials: Cost of direct materials available for use Cost of direct materials placed in production Total manufacturing costs Total work in process during period Cost of goods manufactured Cost of finished goods available for sale ich you must enter subtracted or negative numbers use a minus sign. Budgeted Income Statement and Supporting Budgets December: a. Estimated sales for December: \begin{tabular}{ll|} Bird house & 3,200 units at \\ & $50 per unit \\ Bird feeder & 3,000 units at \\ & $70 per unit \end{tabular} b. Estimated inventories at December 1 : Direct materials: Wood 200ft. Plastic 240lbs. Finished products: Bird house 320 units at $27 per unit Bird feeder 270 units at $40 per unit c. Desired inventories at December 31: Direct materials: Wood 220ft. Plastic 200 lbs. Finished products: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $7.00 per ft. Plastic $1.00 per Ib. f. Direct labor requirements: Bird House: Fabrication Department 0.20hr. at $16 per hr. Assembly Department 0.30hr. at $12 per hr. Bird Feeder: Fabrication Department 0.40hr. at $16 per hr. Assembly Department 0.35hr. at $12 perhr. g. Estimated factory overhead costs for December: Indirect factory wages $75,00023,0006,0005,000 Depreciation of plant and equipment Power and light Insurance and property tax h. Estimated operating expenses for December: Sales salaries expense $70,00018,00021,000 Advertising expense Office salaries expense Depreciation expense-office equipment 600 Telephone expense-selling 550 Telephone expense-administrative 250 Required: 1. Prepare a sales budget for December. \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ Feathered Friends Inc. Production Budget For the Month Ending December 31 } \\ \hline \end{tabular} Prepare a direct materials purchases budget for December. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Feathered Friends Inc. Direct Materials Purchases Budget For the Month Ending December 31 Wood Was 1 Total Required units for production: Bird house Bird feeder Desired units of inventory, December 31 Total units available Estimated units of inventory, December 1 Total units to be purchased Unit price Total direct materials to be purchased Prepare a direct labor cost budget for December. Feathered Friends Inc. Cost of Goods Sold Budget For the Month Ending December 31 Direct materials: Cost of direct materials available for use Cost of direct materials placed in production Total manufacturing costs Total work in process during period Cost of goods manufactured Cost of finished goods available for sale ich you must enter subtracted or negative numbers use a minus sign
