eBook Calculator 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 6,000 units at $55 per unit Bird feeder 4,500 units at $75 per unit b. Estimated inventories at January 1: Direct materials: Wood Plastic Finished products: 220 ft. 250 lb. Birdhouse 300 units at $23 per unit Bird feeder 240 units at $34 per unit c. Desired inventories at January 31: Direct materials: Wood Plastic Finished products: 180 ft. 210 Ib. Birdhouse 340 units at $23 per unit Bird feeder 200 units at $34 per unit d. Direct materials used in production: In manufacture of BirdHouse: Wood 0.80 ft. per unit of product Plastic 0.50 lb. per unit of product In manufacture of Bird Feeder: Wood 1.20 ft. per unit of produdt Previous Check My Work 2 more Check My Work uses remaining In manufacture of Bird Feeder: 1.20 ft. per unit of product Wood 0.75 lb. per unit of product Plastic e. Anticipated cost of purchases and beginning and ending inventory of direct materials: $8.00 per ft. Wood $1.20 per lb. Plastic f. Direct labor requirements 0.20 hr. at $15 per hr 0.30 hr. at $12 per hr Fabrication Department Assembly Department Bird Feeder 0.40 hr at $15 per hr 0.35 hr. at $12 per hr Fabrication Department Assembly Department 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 Advertising expense Office salaries expense Depreciation expense office equipment Telephone expense-selling Telephone expense-administrative Travel expense-selling $90,000 20,000 18,000 800 500 200 5,000 Check My Work 2 more Check Mv W eBook Calculator Telephone Travel expense-selling Office supplies expense Miscellaneous administrative expense ministrative 200 5,000 250 450 . Estimated other income and expense for January: Interest revenue Interest expense Estimated tax rate: 30% $300 224 Required: 0 Online teaching a. Cost Of Geods Sold Budget Dayboro oblems eBook 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 Assembly Department Total Department Hours required for production: Bird feeder Total rate Total direct labor cost S. Prepare a factory overhead cost budget for January. Birds of a Feather Inc. Factory Overhead Cost Budget For the Month Ending January 31 ub Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax Total Previous 2 more Check My Work uses remaining Check My Work