Capacitantes #2: El estudiante preparar un presupuesto operacional.

The Budget director of Sunhelmet Corp., with your assistance, has gathered the following data for use in developing the budgeted income statement for January 2022:

1. Estimated sales for January:

Batting helmet. 3,000 units at $50 per unit

Football helmet... 5,000 units at $150 per unit

2. Estimated inventories (beginning) at January 1:

Direct materials:

Plastic. 300 lbs.

Foam lining 400 lbs.

Finished products:

Batting helmet. 500 units at $30 per unit

Football helmet 250 units at $90 per unit

3. Desired inventories (ending) at January 31:

Direct materials: Finished products:

Plastic. 400 lbs. Batting helmet330 units at $30 per unit

Foam lining 450 lbs. Football helmet..200 units at $90 per unit

4. Direct materials used in production:

In manufacture of batting helmet:

Plastic. 1.20 lbs. per unit of product

Foam lining .50 lbs. per unit of product

In manufacture of football helmet:

Plastic. 3.50lbs. per unit of product

Foam lining 1.50lbs. per unit of product

5. Anticipated cost of purchases and beginning and ending inventory of direct materials:

Plastic.. $7.10 per lb.

Foam lining. $4.60 per lb.

6. Direct labor requirements:

Batting helmet:

Molding Department. .20 hour at $13 per hour Assembly Department... .60 hour at $15 per hour

Football helmet:

Molding Department..... .60 hour at $14 per hour

Assembly Department... 1.90 hours at $17 per hour

7. Estimated factory overhead costs for January:

Indirect factory wages.. $110,000

Depreciation of plant and equipment. 20,000

Power and light. 10,000

Insurance and property tax.. 6,300

8. Estimated operating expenses for January:

Sales salaries expense $200,000

Advertising expense.. 92,000

Office salaries expense. 38,000

Depreciation expense-office equipment.. 5,000

Telephone expense-selling 1,800 Telephone expense-administrative.. 1,000

Travel expense-selling.. 15,000

Office supplies expense 2,000

Miscellaneous administrative expense 1,300

1. Estimated other income and expense for January:

Interest revenue... $2,000

Interest expense... 4,000

10. Estimated Tax rate.. 15%

Required: Prepare the following for January 2022

1. Sales Budget (10 points)
2. Production Budget (10 points)
3. Direct materials purchases budget (10 points)
4. Direct labor costs budget (10 points)
5. Factory overhead budget (10 points)
6. Cost of goods sold budget. Work in process at the beginning of January estimated to be $25,000, and work in process at the end of January desired to be $30,000. (10 points)
7. Selling and administrative expenses budget (10 points)

8. Prepare a budgeted income statement (10 points)