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Hi, please help: I had to divide in 2 pictures since it wouldnt fit on 1, thanks im advance. 4. Total direct lobor costin Fabrientlon
Hi, please help: I had to divide in 2 pictures since it wouldnt fit on 1, thanks im advance.
4. Total direct lobor costin Fabrientlon Deptes, 293,850 Fu 2An Budgeted Ineome etecoment and atpponting budgets obj 4 The budget directior of Binding Flomes a Feeders Inc., with the assistance of the controtler, treagurer, 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: Bird house 15,000 units at $25 per unit Bird feeder. 40,000 units at 515 per unit d. Direct materials used in production: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood ............ $2.50 per ft. Plastic $0.80 per lb. g. Estimated factorv overhead costs for lanuars 1. Estimated operating expenses for January: i. Estimated other revenue and expense for January: j. Estimated tax rate: 25% Instructions 1. Prepare a sales budget for January. 2. Prepare a production budget for January. 3. Prepare a direct materials purchases budget for January. 4. Prepare a direct labor cost budget for January. 5. Prepare a factory overhead cost budget for January. 6. Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be $9,000, and work in process at the end of January is estimated to be $10,500. 7. Prepare a selling and administrative expenses budget for January: 8. Prepare a budgeted income statement for January: 4. Total direct lobor costin Fabrientlon Deptes, 293,850 Fu 2An Budgeted Ineome etecoment and atpponting budgets obj 4 The budget directior of Binding Flomes a Feeders Inc., with the assistance of the controtler, treagurer, 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: Bird house 15,000 units at $25 per unit Bird feeder. 40,000 units at 515 per unit d. Direct materials used in production: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood ............ $2.50 per ft. Plastic $0.80 per lb. g. Estimated factorv overhead costs for lanuars 1. Estimated operating expenses for January: i. Estimated other revenue and expense for January: j. Estimated tax rate: 25% Instructions 1. Prepare a sales budget for January. 2. Prepare a production budget for January. 3. Prepare a direct materials purchases budget for January. 4. Prepare a direct labor cost budget for January. 5. Prepare a factory overhead cost budget for January. 6. Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be $9,000, and work in process at the end of January is estimated to be $10,500. 7. Prepare a selling and administrative expenses budget for January: 8. Prepare a budgeted income statement for January Step by Step Solution
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