O suance of the controllert following data for use in de developing Budgeted me m ent and supporting budgets The har 100 units at $50 per unit 000 units at $70 per unit Fished products: 320 units at $27 per unit 270 units at $40 per unit Direct me C Desired mentaries at December 31: Fished products: Bird house Brdfeeder... 290 units at $27 per unit 250 units at $41 per unit Direct materiale Wood. 1.20 ft. per unit of product .. 0.75 lb. per unit of product D. Direct materials used in production: In manufacture of Bird Feeder: in manufacture of Bird House Wood ................ it per unit of product Wood... . Paste............ 50 lb per unit of product Plastic.... E Anticipated cost of purchases and beginning and ending inventory of direct mate Wood ............ 57.00 per ft Plastic........... $1.00 per lb. F. Direct labor requirements Bird House 0.20 hr. at $16 per hr. Fabrication Department.. 0.30 hr. at $12 per hr. Assembly Department Bird Feeder: 0.40 hr. at $16 per hr. Fabrication Department... Assembly Department............ 0.35 hr. at $12 per hr. G. Estimated factory overhead costs for December Indirect factory wages $75.000 Power and light Depreciation of plant and equipment $6,000 23.000 insurance and property tax 5,000 H. Estimated operating expenses for December 570,000 18.000 21,000 Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment Telephone expense--seling Telephone expense-administrative Travel expense--selling Office supplies expense Miscellaneous administrative expense 600 550 250 4.000 200 400 de SP 3/25/2020 Chapter 7 Budgeting 357 1 Estimated other income and expense for December: Interest revenue $200 Interest expense 122 J. Estimated tax rate: 30% Instructions 1. Prepare a sales budget for December 2. Prepare a production budget for December 3. Prepare a direct materials purchases budget for December, 4. Prepare a direct labor cost budget for December 5. Prepare a factory overhead cost budget for December 6. Prepare a cost of goods sold budget for December. Work in process at the beginning of December is estimated to be $29,000, and work in process at the end of December is estimated to be $35,400. 7. Prepare a selling and administrative expenses budget for December 8. Prepare a budgeted income statement for December