Budgeted Income Statement and Supporting Budgets statement for January: a. Estimated sales for January: Birdhouse 6,000 units at $55 per unit Bird feeder 4,500 units at $75 per unit b. Estimated inventories at January 1 : Direct materials: Wood 220ft. Plastic 250lb. Finished products: Birdhouse 300 units at $23 per unit Bird feeder 240 units at $34 per unit d. Direct materials used in production: In manufacture of BirdHouse: Wood 0.80ft. per unit of product Plastic 0.50lb. per unit of product In manufacture of Bird Feeder: Wood 1.20ft. per unit of product Plastic 0.75lb. per unit of product e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $8.00 per ft. Plastic $1.20 per lb. f. Direct labor requirements: Birdhouse: Fabrication Department 0.20hr. at $15 per hr. Assembly Department 0.30hr. at $12 per hr. Bird Feeder: Fabrication Department 0.40hr. at $15 per hr. Assembly Department 0.35hr. at $12 per hr. ! Birds of a Feather Inc. Selling and Administrative Expenses Budget For the Month Ending January 31 Selling expenses: Sales salaries expense Advertising expense Telephone expense-selling Travel expense-selling Total selling expenses Administrative expenses: Office salaries expense Depreciation expense-office equipment Telephone expense-administrative Office supplies expense Miscellaneous administrative expense Total administrative expenses Total operating expenses Birds of a Feather Inc. Budgeted Income Statement For the Month Ending January 31 Selling and administrative expenses: Total selling and administrative expenses Other revenue: Other expenses