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 2020: A. Estimated sales for January: Batting helmet............................... 3,000 units at $50 per unit Football helmet.......... .............. 5,000 units at $150 per unit B. 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 C. Desired inventories (ending) at January 31: Direct materials: Plastic................ 400 lbs. Foam lining......... 450 lbs. Finished products: Batting helmet............330 units at $30 per unit Football helmet...........200 units at $90 per unit D. Direct materials used in production: In manufacture of batting helmet: Plastic............ Foam lining....... ...... 1.20 lbs. per unit of product .50 lbs. per unit of product In manufacture of football helmet: Plastic............. Foam lining...... ....... 3.50lbs. per unit of product ........... 1.50lbs. per unit of product E. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic.......... .......... $7.10 per lb. Foam lining........... ........... $4.60 per lb. 021- F. Direct labor requirements: Batting helmet: Molding Department..... Assembly Department.... Football helmet: Molding Department...... Assembly Department.... .20 hour at S13 per hour .60 hour at S15 per hour .60 hour at $14 per hour 1.90 hours at $17 per hour . ..... G. Estimated factory overhead costs for January: Indirect factory wages....... Depreciation of plant and equipment................ Power and light................. Insurance and property tax...... $110,000 20,000 10.000 6,300 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......................... Miscelleneous administrative expense............ $200,000 92,000 38,000 5,000 1,800 1,000 15,000 2,000 1,300 1. Estimated other income and expense for January: Interest revenue......... Interest expense.......... $2,000 4,000 J. Estimated Tax rate...... ... 15% Required: Prepare the following for January 2019 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)
