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complete problem 8-3A usining the given instructions. It says to develop a budgeting income statement with the given data budget for Preparedirect materials purchases budget
complete problem 8-3A usining the given instructions.
It says to develop a budgeting income statement with the given data
budget for Preparedirect materials purchases budget for July Prepare a direct labor cost Iudget for July PR 8-3A Budgeted income statement and supporting budgets e of the controller on bept. prodduction manager, and sales manager, has gathered the following data for use in d 293,850 the budgeted income statement for January ct laborThe budget director of Birding Homes & Feeders Inc, with the assistanc a. Estimated sales for January ..15,000 units at $25 per unit 40,000 units at $15 per unit Bird house Bird feeder b. Estimated inventories at January 1 Finished products: Direct materials Bird house. . . . 1,000 units at $15 per unit Bird feeder.2,500 units at $8 per unit Nood 600 ft Plastic.... 1,000 lbs. c Desired inventories at January 31: Direct materials Finished products: 1,500 units at 515 per unit Wood Plastic 500 ft 1,250 bs. Bird house Bird feeder..3,000 units at $8 per unit d. Direct materials used in production: In manufacture of bird house In manufacture of bird feeder: Wood ....0 Plastic 080 ft per unit of product Wood.0.20 ft.per unit of product e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $2.50 per ft. Plastic....$0.80 per lb f Direct labor requirements: Bird house Fabrication Department.. .. 0.40 hr. at $18 per hr. 0.20 hr. at $12 per hr. Bird feeder Fabrication Department 0.25 hr. at $18 per hr 0.10 hr. at $12 per hr. Assembly Department... Estimated factory overhead costs for January: Indirect factory wages Depreciation of plant and equipment $40,000 Power and light 20,00 Insurance and property tax $10,000 5,000 h. Estimated operating expenses for January: Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment Travel expense-selling Office supplies expense Miscellaneous administrative expense $125,000 80,000 40,000 4,000 25,000 2,500 3,500 Step by Step Solution
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