Budgeted Income Statement and Supporting Budgets The budget director of Birds of a Feather Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the foll data for use in developing the budgeted income statement for January: a. Estimated sales for January: Birdhouse Bird feeder b. Estimated inventories at January 1: Direct materials: Wood Plastic Finished products: Birdhouse Wood Plastic 6,000 units at $55 per unit 4,500 units at $75 per unit Finished products: Bird feeder c. Desired inventories at January 31: Direct materials: Birdhouse 220 ft. 250 lb. 300 units at $23 per unit 240 units at $34 per unit 180 ft. 210 lb. 340 units at $23 per unit 200 units at $34 per unit Bird feeder d. Direct materials used in production: In manufacture of Bird House:

Please solve 1-8. THANK YOU

All of the information I was given is provided in the pictures,

What more information is needed? this is all the information i was given.

Budgeted Income Statement and Supporting Budgets The budget director of Birds of a Feather Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the foll data for use in developing the budgeted income 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 250 ib. Finished products: Birdhouse 300 units at $23 per unit Bird feeder 240 units at $34 per unit c. Desired inventories at January 31: Direct materials: Wood 180ft. Plastic 210lb. Finished products: Birdhouse 340 units at $23 per unit Bird feeder 200 units at $34 per unit d. Direct materials used in production: In manufacture of Bird House: 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 Assembly Department Bird Feeder: Fabrication Department Assembly Department 0.20hr. at $15 per hr. 0.30hr. at $12 per hr. 0.40hr. at $15 per hr. 0.35hr. at $12 per hr. g. Estimated factory overhead costs for January: Indirect factory wages $80,00025,0008,0002,000 Depreciation of plant and equipment Power and light Insurance and property tax h. Estimated operating expenses for January: Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment Telephone expense-selling Telephone expense-administrative Travel expense-selling Office supplies expense Miscellaneous administrative expense i. Estimated other income and expense for January: Interest revenue Interest expense $90,000 20,00018,000 800 500 200 5,000 250 450 $300 224 j. Estimated tax rate: 30% 1. Prepare a sales budget for January. 2. Prepare a production budget for January. 3. Prepare a direct materials purchases budget for January. 4. Prepare a direct labor cost budget for January. 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 $29,000, and work in process at the end of January is estimated to be $35,400. Direct materials: Cost of direct materials available for use Cost of direct materials placed in production Total manufacturing costs Total work in process during the period Cost of goods manufactured Cost of finished goods available for sale Cost of goods sold 7. Prepare a selling and administrative expenses budget for January. 8. Prepare a budgeted income statement for January. Budgeted Income Statement and Supporting Budgets The budget director of Birds of a Feather Inc, with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for Jonuary