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The budget director of Birds of a Feather 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:

Estimated sales for January:

Bird house $6,000$ units at $$55$ per unit

Bird feeder $4,500$ units at $$75$ per unit

Estimated inventories at January $1$:

Direct materials:

Wood $220$ ft$.$

Plastic $250$ lbs$.$

Finished products:

Bird house $300$ units at $$23$ per unit

Bird feeder $240$ units at $$34$ per unit

Desired inventories at January $31$:

Direct materials:

Wood $180$ ft$.$

Plastic $210$ lbs$.$

Finished products:

Bird house $340$ units at $$23$ per unit

Bird feeder $200$ units at $$34$ per unit

Direct materials used in production:

In manufacture of Bird House:

Wood $0\mathrm{.}80$ ft$.$ per unit of product

Plastic $0\mathrm{.}50$ lb$.$ per unit of product

In manufacture of Bird Feeder:

Wood $1\mathrm{.}20$ ft$.$ per unit of product

Plastic $0\mathrm{.}75$ lb$.$ per unit of product

Anticipated cost of purchases and beginning and ending inventory of direct materials:

Wood $$8\mathrm{.}00$ per ft$.$

Plastic $$1\mathrm{.}20$ per lb$.$

Direct labor requirements:

Bird House:

Fabrication Department $0\mathrm{.}20$ hr$.$ at $$15$ per hr$.$

Assembly Department $0\mathrm{.}30$ hr$.$ at $$12$ per hr$.$

Bird Feeder:

Fabrication Department $0\mathrm{.}40$ hr$.$ at $$15$ per hr$.$

Assembly Department $0\mathrm{.}35$ hr$.$ at $$12$ per hr$.$

Estimated factory overhead costs for January:

Indirect factory wages $$80,000$

Depreciation of plant and equipment $25,000$

Power and light $$8,000$

Insurance and property tax $2,000$

Estimated operating expenses for January:

Sales salaries expense $$90,000$

Advertising expense $20,000$

Office salaries expense $18,000$

Depreciation expense$$office equipment $800$

Telephone expense$$selling $500$

Telephone expense$$administrative $200$

Travel expense$$selling $5,000$

Office supplies expense $250$

Miscellaneous administrative expense $450$

Estimated other income and expense for January:

Interest revenue $$300$

Interest expense $224$

Estimated tax rate: $30\%$

a$)$ Sales, Production budget

b$)$ purchases $,$labor budeget

c$)$ factory overhead, s&a budegeget

d$)$ Income statememt, Given Cogs $387764$

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