Budgeted Income Statement and Supporting gets The budget director of Birding Homes & Feeders 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 January a. Estimated sales for January: Estimated inventories at January 1: Direct materials: Finished products: c. Desired inventories at January 31: Direct materials: Finished products: d. Direct materials used in production: In manufacture of Bird House: In manufacture of Bird Feeder: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: f. Direct labor requirements: Bird House: Bird Feeder: 9. Estimated factory overhead costs for January: h. Estimated operating expenses for January: Estimated other revenue and expense for January J. Estimated tax rate: 25%