E C CongigenOWIZIO Budgeted Income Statement and Supporting Budgets The budget director of Birds of a Feather 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: Birdhouse Bird feeder 6,000 units at $55 per unit 4,500 units at $75 per unit b. Estimated inventories at lanuary 1: Direct materials: Wood Plastic Finished products: Birdhouse Bird feeder 220. 250 lb. 300 units at $23 per unit 240 units at $34.perunt c. Desired inventories et January 31: Direct materials Wood Plastic Finished products: Birdhouse Bird feeder 180 210 340 units at $23 per unit 200 units at $34 per unit d Direct materials used in production: In manufacture of BirdHouse Wood Plastic 0.80 ft. per unit of product 0.50 per unit of product In manufacture of Bird Feeder Wood 1.20 ft. per unit of product Plastic 0.75 lb. per unit of product e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $8.00 per t Check My Work 2 more Check My Work uses remaining Previous Next Email instructer Saw and Ext Submit Assignment for Grading e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood Plastic f. Direct laber requirements: Birdhouse $8.00 per t $1.20 per lb. Fabrication Department 0.20 hr. at $15 per hr Assembly Department 0.30 hr. at $12 per h Bird Feeder: Fabrication Department 0.40 hr. at $15 per hr Assembly Department 0.35 hr. at $12 per hr g. Estimated factory overhead costs for January Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax $80,000 25,000 8,000 2,000 h. Estimated operating expenses for January Sales salaries expense $90,000 Advertising expense 20,000 Office salaries expense 18,000 Depreciation expense-office equipment 800 Telephone expense-selling 500 Telephone expense-administrative 200 Travel expense-selling 5,000 Office supplies expense 250 Miscellaneous administrative expense 450 Estimated other income and expense for January Interest revenue $300 Interest expense 224 Estimated tax rate: 30% Check My Work 2 more Check My Works mening C. Cension21 Emactor S and Ex Previous Not Submit Assignment for Grading Bock Required: 1. Prepare a sales budget for January. Birdhouse Bird feeder Total revenue from sales Birds of a Feather Inc. Sales Budget For the Month Ending January 31 Unit Sales Volume Unit Selling Total Sales Price 2. Prepare a production budget for January. Birds of a Feather Inc. Production Budget For the Month Ending January 31 Birdhouse Units Bird Feeder Expected units to be sold Plus desired inventory, January 31 Total Less estimated inventory, January 1 Total units to be produced 3. Prepare a direct materials purchases budget for January. Cangagation Pre +Book Sinds of a Feather Inc. Direct Hatarials Purchase Budget For the Manth Ending January 311 Wood Required units for production: Birdhouse Bird feeder Plus desired units of inventory, January 31 Total Less estimated units of inventory, January 11 Total units to be purchased Unit price Tistal direct materials to be purchased 4. Prepare a direct labor cost budget for January Birds of a Feather Inc. Direct Labor Cost Budget For the Month Ending January 31 Fabrication Department Hours required for production: Birdhouse Bird feeder Total Hourly rate Total direct labor cost 2 more Check My Work vees remaining Plastic Total Assembly Department Total Previo BOOK Indirect factory wi Opreciation of plant and equipment Preer and light Insurance and property tax Total 6. Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be $29,000, and work in process at the end of January is estimated to be $35,400. Direct materials Birds of a Feather Inc. Cost of Goods Sold Budget For the Month Ending January 31 Cost of direct materials available For use Cost of direct materials placed in production Total manufacturing costs Total work in process during the period Cost of goods manufactured Cost of nished goods available for sale Cost of goods sold Saking Seles were expe Averthing ge ing The expense Total willing trative expens Office aries exper Depredation affice equipm Telephene expens administrative Officx wpple exponen administrative ex Tutal administrative Total operating ex B. Prepare a budgeted income statement for January Seling and administrative expenses Total selling and Omer revenue Other expenses Ok My Wan 2 mone Chuck My Vanuses nemaining