The budget director of Birds and Beyond Inc, with the assistance of the controller, treasurer, 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: Birdhouse 7,500 units at $66 per unit Bird feeder 5,000 units at $82 per unit. b. Estimated Inventories at January 1: Direct materials: Wood 198ft. Plastic 420lb. Finished products: Birdhouse 500 units at $28 per unit Bird feeder 210 units at $40 per unit c. Desired inventories at January 31 : Direct materials: Wood 220ft. Plastic 3401b. Finished products: Birdhouse 400 units at 528 per unit Bird feeder 250 units at 540 per unit d. Direct materials used in production: In manufacture of BirdHouse: In manufacture of Bird Feeder: eBook Insurance and property tax 2,800 h. Estimated operating expenses for January: Sales salaries expense $85,100 Advertising expense 17,600 Office salaries expense 19,200 Depreciation expense-office equipment Telephone expense-selling 1,100 Telephone expense-administrative 1,000 Travel expense-selling 400 Office supplies expense 3,800 Miscellaneous administrative expense 350 1. Estimated other income and expense for January: Interest revenue Interest expense 250 j. Estimated tax rate: 25% Required: 1. Prepare a sales budget for January. Birds and Beyond Inc. 1. Prepare a sales budget for January. 2. Prepare a production budget for January. Total revenue from sales 2. Prepare a production budget for January. 3. Prepare a direct materials purchases budget for January. Round your unit price answers to two decimal places Birds and Beyond Inc. Direct Materials Purchases Budget For the Month Ending January 31 4. Prepare a direct labor cost budget for lanuary. Birds and Beyond Inc. Direct Labor Cost Budget For the Month Ending January 31 4. Prepare a direct labor cost budget for January. Birds and Bey, Direct Labor Co For the Month Endir 5. Prepare a factory overhead cost budget for January. Birds and Beyond Inc. Factory Overhead Cost Budget For the Month Ending January 31 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 $33,600, and work in process at the end of January is estimated to be $41,200. Birds and Beyond Inc. Cost of Goods Sold Budget For the Month Ending January 31 Direct materials: Cost of direct materials available for use Cost of direct materials placed in production Total manufacturing costs Total work in process during the period Cost of goods manufactured Cost of finished goods available for sale Birds and Beyond Inc. Selling and Administrative Expenses Budget For the Month Ending January 31 Selling expenses: Sales salaries expense Advertising expense Telephone expense-selling Travel expense-selling Total selling expenses Administrative expenses: Office salaries expense Depreciation expense-office equipment Telephone expense-administrative Office supplies expense Miscellaneous administrative expense Total administrative expenses Total operating expenses Birds and Beyond Inc. Budgeted Income Statement For the Month Ending January 31 Operating expenses: Total operating expenses Other revenue: Other expenses