Budgeted income statement and supporting y

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:

Bird house $15,000$ units at $$25$ per unit.

Bird feeder $40,000$ units at $$15$ per

b$.$ Estimated Inventorles oftanuary $1$:

woct materlals:

Wood $600ft.$ Plastic $1,000$ Ibs.

Finished products:

Bird house $1,000$ units at $$15$ per unit

Dirdreeder $2,500$ units at $$8$ per un:

C$.$ Desired Inventorles ab: January $31$

Wood $500$ t

Wood $500ft.$ Plastic $1,250$ ibs

Finished products:

Bird house $1,500$ units at $$15$ per unit

Eird feeder $3,000$ units at $$8$ per unit

d$.$ Direct materlals used in production:

In manufacture of Bird House:

Pastic $0\mathrm{.}10lb.$ per unit of product

In manufacture of Bird Feeder:

Wlastlc $0\mathrm{.}200$ t$.$ per unit of product

Plastic $1\mathrm{.}00lb.$ per unit of exts:

e$.$ Anticipated cost of purchases and beginning and ending inwentory of direct materials:

t$.$ Direct labor requirements:

Bird House:

Fabrication Department $0\mathrm{.}40hr.$ at $$18$ per hr$.$

Assembly Department $0\mathrm{.}20hr.$ at $$12$ per hr$.$

Bird Feeder:

Fabrication Department $0\mathrm{.}25hr.$ at $$18$ per $hr.$

g$.$ Estimated factory overhead $0\mathrm{.}10hr.$ at $$12$ per hr$.$

Required:

Required: $1.$ Prepare a sales budget for January.

Une$-$ftem Description

Amount

Indirect factorv waoes

Deoreclation of plant and equiloment

Power and liaht

Insurance and property tax

h$.$ Estimated operating expenses for January:

Une$-$rtem Descriotion

Amount

Sales salarles expense

Advertisina expense

oftice salarles exoense

Depreclation expense$-$office equipment

Travel expense$-$sellina

Ofrice sundiles expense

Miscellaneous administrative exoens

Estimated other revenue and expense for January:

Une rtem Describtion

Interest revenue

Interest expense

j$.$ Estimated tax rate:

$$40\mathrm{.}000$

$20\mathrm{.}000$

$10\mathrm{.}000$

$5,000$

$5,000$

Amount

$$125\mathrm{.}000$

$80\mathrm{.}000$

$40\mathrm{.}000$

$4,000$

$25\mathrm{.}000$

$2\mathrm{.}500$

$3\mathrm{.}500$

Amount

$$4\mathrm{.}540$

$3\mathrm{.}000$

Extennet que

Prepare a factory cherthead cnst budget for lanuary.

Birding Homes & Feeders Inc.

Factory Overhead Cost Budget

For the Menth Ending January $31$

${?}_{Tatalfactaryaverheadcost}^{\text{t}\text{a}\text{u}}$