Total manufacturing costs Total work in process during period Cost of goods manufactured Cost of finished goods avallable for sale Cost of goods sold 3. Prepare a direct moterlals purchases budget for January. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Prepare a direct labor 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 59,000 , and work in process at the end of January is estimated to be $10,500. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 1. Estimated other revenue and expense for January: 1. Estimated tax rate: 25% 7. Prepare a selling and administrative expenses budget for January. 8. Prepare a budgeted income statement for January, In the Other revenue and expense section, indicate expenses as negative amounts. 1. Prepare a sales budget for January. Birding Homes \& Feeders Inc. Sales Budget 2. Prepare a production budget for January. For those boxes in which you must enter subtrcked or negative numbers use a minus sign. e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Wood $2.50 per ft. Plastic $0.80 per lb. f. Direct labor requirements: Bird House: Fabrication Department 0.40hr. at $18 per hr. Assembly Department 0.20hr, at $12 per hr. Bird Feeder: Fabrication Department 0.25hr, at $18 per hr. Assembly Department 0.10hr, at $12 per hr. 9. Estimated factory overhead costs for January: h. Estimated operating expenses for January: The budget director of Birding Homes \& Feeders Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathere foliowing data for use in 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 1 : Direct materials: Wood 600ft. Plastic 1,000 lbs. Finished products: Bird house 1,000 units at $15 per unit Bird feeder 2,500 units at $8 per unit c. Desired inventories at January 31 : Direct materials: Wood 500ft. Plastic 1,250 los. Finished products: Bird house 1,500 units at $15 per unit Bird feeder 3,000 units at $8 per unit d. Direct materials used in production: In manufacture of Bird House: Wood 0.80ft. per unit of product Plastic 0.10ib. per unit of product 3. Prepare a budgeted income statement for January. In the Other reit-nue and expense section, indicate expenses as negative amounts. Birding Homes \& Feeders Inc. Direct Labor Cost Budget For the Month Ending January 31 5. Prepare a factory overhead cost budget for January
