Budgeted Income Statement and Supporting Budgets The budget director of Birding Homes & Feeders Inc, with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following date for use in developing the budgeted income statement for January a. Estimated sales for January: 15,000 units at Bird house $25 per unit Bird feeder 40,000 units at $15 per unit b. Estimated Inventories at January 1: Direct materials: Wood 500 R Plastic 1,000 lbs Finished products: Bird house 1,000 units at $15 per unit 2,500 unts at 39 per unit Bird feeder e. Desired inventories at January 31 Direct materials Wood Plastic Finished products: 500 ft 1,250 lbs Bird house 1,500 units at SiS per unit 3,000 units at $0 per unit Bird Feeder Check My Work 4 ore Chuck My Work uses romaning Previous Next Terms d. Direct materials used in production In manufacture of Bird House: Wood 0.60 ft. per unit of product 0.10 b. per unit of product Plastic In manufacture of Bird Feeder Wood 0.2011 per of product 1.00 15. per unit Plastic of product c. Anticipated cost of purchases and beginning and ending invertory of direct materials Wood $2.50 per it Plastic $0.80 per lb 1. Direct labor requirements: Bird House: 0.40 hr, at $16 Fabrication Department per hr 0.20 hr. at 512 Assembly Department Der he Bird Feeder Fabrication Department 0.25 h at $18 perhe 0.10 h at $12 perhe Assembly Department 9. Estimated factory overhead costs for January Previous Next > Check My Work 4 Cho My Work uses ication) eBook Birding Homes & Feeders Inc. Cost of Goods Sold Budget For the Month Ending January 31 Finished goods inventory, January 1 Work in process inventory, January 1 Direct materials: Direct materials inventory, January 1 Direct materials purchases $$ Cost of direct materials available for use Direct materials inventory, January 31 Cost of direct materials placed in production Direct labor $$ Factory overhead Total manufacturing costs Total work in process during period $$ Work in process inventory, January 31 Cost of goods manufactured Cost of finished goods available for sale $$ Finished goods inventory, January 1 Cost of goods sold 7 Dranare calling and administrative evneneee hidat lanuni Check My Work 4 more Check My Work uses remaining pplication) eBook 7. Prepare a selling and administrative expenses budget for January Birding Homes & Feeders Inc. Selling and Administrative Expenses Budget For the Month Ending January 31 Selling expenses: Total selling expenses