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3. Prepace a cirect materiais porchases budget for January. For those boxes in which you must enter subtracted or negative numbers use a minius 7. Prepare a selling and odministrative expenses budget for January 4. Prepare a direct labor cost budget for January. 5. Prepare a factory overhead cost budget for January. 1. Prepare a sales budget for January. 2. Prepare a production budget for January, For those boxes in which you must enter subtracted or negative numbers use a minus sign. 5. Prepare a lactory civerhead cost budget for January? 6. Prepare a cost of goods sold budget for January, Work in precess at the begineing of Jahuary is eitimaked to be 59,000 , and work in process at the end of January is estimated to be $10,500. For those boxes in which vou must enter subtracted or nechtuve numbers use a minus sign. Budgeted Income Statement and Supporting bodgets The budget dicector of Birding Hornes A Fetden Inc, with,the assatance of the controlier, treaturer, production manager, and sales managas has gathered the following data for use in developing the budgeted income statement for lanuary: Required: 1. Prepare a sales budget for January. 8. Prepare a budgeted income statement for January, in the Other revenue and expense section, indicate expenses as negotive amounts, n. Prepare a budgeted income statement for January. In the Other revenue and expense section, indicate expenses as negative amounts. d. Direct materials used in production: In manufacture of Bird House: Wood 0.80ft. per unit of product Plastic 0.10 la, per unit of product In manufscture of Brd Feeder: Wood 0.20ft, per ynit of product Piastic 1.00 lb. per unit of product e. Antidented cout of purchases and beginning and ending inventorr of direct materials: Wood $2.50 perit. Mastic $0,00 per la. 1. Durect labor requirements: Brd Howe Fabrication Department 0.40 he at \$sa perhr. Assembly Department 0.20 he at $12 per hri. Bird reder: Fabrication Department 0.25hr at $18 per hr. Assembly Department 0.10hr at $12 perhe. gl Fetimated factory overhead eosts for January: Inaliert factanu wanes. canm