Chapter 22-Work Problems-xCengageNOW2 | Online trach X C Get Homework Help With Cheg X Home-South Georgia Sta https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &ing apter 22 - Work Problems eBook Budgeted income statement and supporting budgets for three months Bellaire Inc. gathered the following data for use in developing the budgets for the first quarter (January, February, March) of its fiscal year: a. Estimated sales at $125 per unit: January 25,000 units February 30,000 units March 45,000 units 50,000 units April b. Estimated finished goods inventories: January 1 2,000 units January 31 10% of next month's sales February 28 10% of next month's sales 10% of next month's sales March 31 c. Work in process Inventories are estimated to be insignificant (zero). d. Estimated direct materials inventories: January 1 1,000 lbs. January 31 1,500 lbs. February 28 2,000 lbs. March 31 2,500 lbs. e. Manufacturing costs: Direct materials (0.8 lb. per unit x $15 per lb.) Direct labor (2.5 hrs. per unit x $24 per hr.) Variable factory overhead ($1.20 per direct labor hour) Fixed factory overhead ($200,000 per month, allocated using 40,000 units) Total per-unit manufacturing costs f. Selling expenses: Variable selling expenses Check My Work Assignment Score: 40.15% $4 per unit Per Unit $12 60 3 5 $80 All work saved.