developing the budgeted income statement for January: a. Estimated sales for January: BirdhouseBirdfeeder15,000unitsat$25perunit40,000unitsat$15perunit b. Estimated inventories at January 1: Direct materials: WoodPlastic600ft1,000lbs Finished products: BirdhouseBirdfeeder1,000unitsat$15perunit2,500unitsat$8perunit c. Desired inventories at January 31: Direct materials: WoodPlastic500ft1,250lbs. Finished products: Bird house 1,500 units at $15 per unit 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: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: WoodPlastic$2.50perft.$0.80perlb. f. Direct labor requirements: Bird House: FabricationDepartmentAssemblyDepartment0.40hr.at$18perhr.0.20hr.at$12perhr. Bird Feeder: Fabrication Department 0.25hr. at $18 per hr. Assembly Department 0.10hr. at $12 per hr. g. Estimated factory overhead costs for January: 1. Prepare a sales budget for January. Prepare a production budget for January. For those boxes in which you must enter subtracted or negative numbers use a minus sign 3. Prepare a direct materials purchases budget for January. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Prepare a direct labor cost budget for January. 5. Prepare a factory overhead cost budget for January. which you must enter subtracted or negative numbers use a minus sign. Dranare a callinn and adminictrative pxnancec hudnet for lanuary 8. Prepare a budgeted income statement for January. In the Other revenue and expense section, indicate expenses as negative amounts. FortheMonthEndingJanuary31BirdingHomes&FeedersInc.BudgetedIncomeStatement developing the budgeted income statement for January: a. Estimated sales for January: BirdhouseBirdfeeder15,000unitsat$25perunit40,000unitsat$15perunit b. Estimated inventories at January 1: Direct materials: WoodPlastic600ft1,000lbs Finished products: BirdhouseBirdfeeder1,000unitsat$15perunit2,500unitsat$8perunit c. Desired inventories at January 31: Direct materials: WoodPlastic500ft1,250lbs. Finished products: Bird house 1,500 units at $15 per unit 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: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: WoodPlastic$2.50perft.$0.80perlb. f. Direct labor requirements: Bird House: FabricationDepartmentAssemblyDepartment0.40hr.at$18perhr.0.20hr.at$12perhr. Bird Feeder: Fabrication Department 0.25hr. at $18 per hr. Assembly Department 0.10hr. at $12 per hr. g. Estimated factory overhead costs for January: 1. Prepare a sales budget for January. Prepare a production budget for January. For those boxes in which you must enter subtracted or negative numbers use a minus sign 3. Prepare a direct materials purchases budget for January. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Prepare a direct labor cost budget for January. 5. Prepare a factory overhead cost budget for January. which you must enter subtracted or negative numbers use a minus sign. Dranare a callinn and adminictrative pxnancec hudnet for lanuary 8. Prepare a budgeted income statement for January. In the Other revenue and expense section, indicate expenses as negative amounts. FortheMonthEndingJanuary31BirdingHomes&FeedersInc.BudgetedIncomeStatement