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 Fetimated satec for tanuare. 1. Fstimated inventries at lanuarv 1 . d. Direct materials used in production: In manufacture of bird house: In manufacture of bird feeder: Wood ........... 0.80ft. per unit of product Wood .......... 0.20ft. per unit of product Plastic........... 0.10lb, per unit of product Plastic.......... 1.00lb. per unit of product c. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $2.50 per ft. Plastic. 50.80 per lb. g. Estimated factory owerhead costs for January: 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 Fetimated satec for tanuare. 1. Fstimated inventries at lanuarv 1 . d. Direct materials used in production: In manufacture of bird house: In manufacture of bird feeder: Wood ........... 0.80ft. per unit of product Wood .......... 0.20ft. per unit of product Plastic........... 0.10lb, per unit of product Plastic.......... 1.00lb. per unit of product c. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $2.50 per ft. Plastic. 50.80 per lb. g. Estimated factory owerhead costs for January: 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