Question: Please help answer 6,7,8 Budgeted income Statement and Supporting Budgets Feathered Friends Inc., with the assistance of the controller, treasurer, production manager, The budget director
Budgeted income Statement and Supporting Budgets Feathered Friends Inc., with the assistance of the controller, treasurer, production manager, The budget director of developing the budgeted income statement for December 2016: and sales manager, has gathered the faloweg data in e. Estimated sales for December Bird house Bird feeder 3,200 units at s50 per unit 3,000 units at $70 per unit b. Estimeted inventories at December 1: Direct materials: Wood 200 ft 240 lbs Finished products Bird house Bird feeder 320 unts at $27 per unit 270 units at $40 per unit c. Desired inventories at December 31 Direct meterials: 220 ft. 200 lbs. Finished products Bird house Bird feeder 290 units at $27 per unit 250 units at $41 per unit d. Direct materials used in production in manufacture of Bird House: 0.80 t. per unit of product 0.50 lb. per unit of product In manufacture of Bird Feeder: Wood 1.20 ft. per unit of product 0.75 lb. per unit of product e. Anticipated cost of purchases and beginning and ending inventory of direct materials $7.00 per t $1.00 per . wood f. Direct labor requirements Bird House: Fabrication Department .20 hr. at $16 per hr. 0.30 hr. at $12 per hr. Bird Feeder: Fabrication Department Assembly Department 0.40 hr. at s16 per hr D.35 hr. at $12 per hr g. Estimated factory overhead costs for December 575,000 Indirect factory wages Depreciation of plant and equipment Power and light Insurance and property tax 23,000 $6,000 5,000 h. Estimated operating expenses for December $70,000 18,000 21,000 Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment 600 Telephone expense-seling Telephone expense-administrative Travel expense-selling Office supplies expense Miscellaneous administrative expense 400 550 250 4,000 200 i. Estimated other income and expense for December Interest revenue $200 Interest expense 122 J. Estimated tax rate: 30%
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