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22-2 Exercises & Problems Budgeted Income Statement and Supporting budgets The budget director of Birds of a featherine, with the assistance of the controller, treasurer production manager and sales manage has gathered the following data for use in developing the budgeted income statement for January a. Estimated sales for January Birdhouse 6,000 units at $55 per una Bird feeder 4,500 unitat per unit b. Estimated inventes at January 11 Direct materials: wood 220 Plastic 2501b Finished products 300 na 12 runt 24H c. Desene 11 Directa Wood 10 2101 340 at 123 per 200 units 34 per Budete MW Unemployment is Mylab Mahal Digital Leaming & Lyra Health - Exercises & Problems ebook Calculator In manuacture of House! Wood 0.80 ft per unit of product Plastic 0.50 th per unit of product In manufacture of Bird Feeder: Wood 1.20 ft. per unit of product Plastic 0.75 lb. per unit of product 6. Anticipated cost of purchases and beginning and ending Inventory of direct materials wood 18.00 Parit 11.20 perib t. Direct laboreirements: 0.10515 per Fabion Department Aby Doment 0.10 h 512 DAS 512 secured costs for anuary 21.00 200 O SGM 22-3 Exercises & Problems eBook Calculator $90,000 20,000 18.000 800 h. Estimated operating expenses for January Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment Telephone expense-seling Telephone expense-administrative Travel expense-selling Office Supplies expense Miscellaneous administrative expense 1. Estimated other income and expense for January Interest revenue 500 200 5,000 250 450 3100 tres experte 1. Estimated tatrate: 30% 224 Required 1. Prepared for our Blinds of a featherine Sales Budget 0 eBook Calculator Calculator Required: 1. Prepare a sales budget for January Birds of a Feather Inc. Sales Budget For the Month Ending January 31 Unit Sales Unit Selling Price Total Sales Volume Birdhouse Bird feeder Total revenue from sales 2. Prepare a production budget for January Birds of a Feather Inc Production Budget For the Month Ending January 31 Units Birdhouse Bird Feeder Expected units to be sold eBook Calculator 2. Prepare a production budget for January Birds of a Feather Inc. Production Budget For the Month Ending January 31 Units Birdhouse Bird Feeder Expected units to be sold Plus desired inventory, January 31 Total Less estimated inventory, January 1 Total units to be produced 3. Prepare a direct materials purchases budget for January Birds of a Feather Inc. Direct Materials Purchases Budget For the Month Ending January 31 Wood Plastic Total Check my 2 more Che Working Assigenent Score: 54.71% All work saved Type here to search O 4. Prepare a direct labor cost budget for January Birds of a Feather Inc. Direct Labor Cost Budget For the Month Ending January 31 Fabrication Department Assembly Department Total Hours required for production: Birdhouse Bird feeder Total Hourly rate Total direct labor cost S. Prepare a factory overhead cost budget for January Birds of a Feather Inc. Factory Overhead Cost Budget For the Month Ending January 31 Check My Work 2 more Check My Woutes remaining 5. Prepare a factory overhead cost budget for January Birds of a Feather Inc. Factory Overhead Cost Budget For the Month Ending January 31 Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax Total 6. Prepare a cost of goods sold budget for January, Work in process at the beginning of January is estimated to be $29,000, and work in process at the Birds of a Feather Inc. Cost of Goods Sold Budget For the Month Ending January 31 Direct materials Check Work 2 more Check My Work use remaining . Prepare a cost of goods sold budget for January. Work in process at the beginning of January is estimated to be $29.000, and work in process at the end of January is estimated to be $35.400. Birds of a Feather Inc. Cost of Goods Sold Budget For the Month Ending January 31 Direct materials Cost of dret materials available for use Cost of direct material placed production eBook Calculator 22-3 Exercises & Problems 7. Prepare a selling and administrative expenses budget for January Birds of a Feather 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 8. Prepare budgetto income statement for January Cedry Work 2 more Checky Workben Assignment Score: 56.71 Type here to search 22-3 Exercises & Problems nota operaung expenses 8. Prepare a budgeted income statement for January. Birds of a Featherine Budgeted Income Statement For the Month Ending January 31 Selling and administrative expenses: > Total selling and administrative expenses Other revenue: Other expenses: Assignment Score: 56.11 HE Type here to search

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