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Budgeted Income Statement and Supporting Budgets The budget director of Birds and Beyond Inc., with the assistance of the controller, treasurer, production manager, and sales

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Budgeted Income Statement and Supporting Budgets The budget director of Birds and Beyond Inc., with the assistance of the controller, treasurer, production manager, and sales manag has gathered the following data for use in developing the budgeted income statement for January: a. Estimated sales for January: Birdhouse 7,500 units at $66 per unit Bird feeder 5,000 units at $82 per unit b. Estimated inventories at January 1 : Direct materials: Wood 198ft. Plastic 420lb. Finished products: Birdhouse 500 units at $28 per unit Bird feeder 210 units at $40 per unit c. Desired inventories at January 31 : Direct materials: d. Direct materials used in production: In manufacture of BirdHouse: 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 $9.00 per ft. Plastic $1.40 per lb. f. Direct labor requirements: f. Direct labor requirements: Birdhouse: Fabrication Department 0.25hr. at $20 per hr. Assembly Department 0.30hr. at $15 per hr. Bird Feeder: Fabrication Department 0.40hr. at $20 per hr. Assembly Department 0.35hr at $15 per hr. 9. Estimated factory overhead costs for January: Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax $92,000 34,000 10,100 2,800 h. Estimated operating expenses for January: Sales salaries expense $85,100 Advertising expense 17,600 Office salaries expense Depreciation expense-office equipment Telephone expense-selling Telephone expense-administrative Travel expense-selling Office supplies expense Miscellaneous administrative expense 1. Estimated other income and expense for January: Interest revenue Interest expense J. Estimated tax rate: 25% Required: 1. Prepare a sates budget for January

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