Budgeted Income Statement and Supporting budgets The budget director of Birds and Beyond the, with the assistance of the cantroller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for January: b. Estimated inventories at January 1? Direct materials: WoodPlastic198ft.420lb. Finished products: Birdhouse 500 units at 528 per unit Bird feeder 210 units at $40 per unit c. Desired inventories at January 31 : Direct materials: WoodPlastic220f.340lb. Finished products: Birdhouse 400 units at $28 per unit Bird feeder 250 units at $40 per unit d. Direct materials used in production: d. Direct materials used in production: In manufacture of BirdHouse: Wood 0.80 ft. per unit of product Plastic 0,50 ib, per unit of product In manufacture of Brd Feeder: Wood 1.20 ft. per unit of product Plastic 0.75 ib. 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 16 . 9. Estimated factory overhead costs for January: Indirect factory wages Depreciation of plant and equipment Aower 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 Orfice salaries expense 19,200 Depreciation expense-office equipment 1,100 Telephone expense-selling 1,000 Telephone expense-administrative Travel expense - selling Office supplies expense Miscellaneous administrative expense 1. Estimated other income and expense for January: Interest revenue Interest expense 1. Estimated tax rate: 25% 1. Prepare a sales budget for January. 2. Prepare a production budget for January: 2. Prepare a production budget for January. 3. Prepare a direct macerials porchases budget for January, Round your unit price answers to two decimal places. Birds and Beyond Inc. Prepare a direct materials purchases budget for January. Round your unit price answers to two decimal places. 4. Prepare a direct labor cost budget for January. Birds and Bevond Ine 5. Prepare a factory overhead cost budget for January. 6. Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be $33,600, and work in process at the end of January is estimated to be $41,200. 7. Prepare a selling and administrative expenses budget for January. 7. Prepare a seling and administrative expenses bodget for Janubry. 8. Prepare a budgeted income statement for january