PR 22-3A Budgeted income statement and supporting budgets Obj. 4 4. Total direct labor The budget director of Birding Homes \& Feeders Inc., with the assistance of the controller, cost in Fabrication treasurer, production manager, and sales manager, has gathered the following data for use in Dept, $293,850 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 $15 per unit b. Estimated inventories at January I: Direct materials: Finished products: Bird house....... 1,000 units at $15 per unit Bird feeder. 2,500 units at 58 per unit c. Desired ins Direct materials: Wood.......Plastic.......500ft1,250lbs.Birdhouse......Birdfeeder......1,500unitsat515perunit3,000unitsat58perunit 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. 50.80 per lb. 2. Estimated factorv overhead costs for lanuarv: h. Estimated operating expenses for January: 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 cast 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. PR 22-3A Budgeted income statement and supporting budgets Obj. 4 4. Total direct labor The budget director of Birding Homes \& Feeders Inc., with the assistance of the controller, cost in Fabrication treasurer, production manager, and sales manager, has gathered the following data for use in Dept, $293,850 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 $15 per unit b. Estimated inventories at January I: Direct materials: Finished products: Bird house....... 1,000 units at $15 per unit Bird feeder. 2,500 units at 58 per unit c. Desired ins Direct materials: Wood.......Plastic.......500ft1,250lbs.Birdhouse......Birdfeeder......1,500unitsat515perunit3,000unitsat58perunit 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. 50.80 per lb. 2. Estimated factorv overhead costs for lanuarv: h. Estimated operating expenses for January: 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 cast 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