Chapter $8-$ Budgeting $-$ In$-$Class Problem for Master Budgeting

PR $8-4$A Budgeted income statement and supporting budgets for three months

Obj. $4$

Bellaire Ine. gathered the following data for use in deteloping the budgets for the first quarter $($January$,$ February. March$)$ of its tiscal vear:

a Estimated sales at $$125$ per unit:

$\backslash$table$[[$January$,25000$ units$],[$February$,30000$ units$],[$March$.,45\mathrm{.}000$ units$],[$April $..,50,000$ units$]]$

b$.$ Estimated finished goods inventories:

January $1....................................2000$ units

January $31$dots...........$\mathrm{.}10\%$ of next month's sales

February $28$dotsdots................$\mathrm{.}10\%$ of next month's sales

March $31$dots....................$\mathrm{.}10\%$ of next month's sales

c$.$ Work in process inventories are estimated to be insignificant $($zero$).$

d$.$ Estimated direct materials inventories:

$\backslash$table$[[,1,000lds$