PR 21-3A Budgeted income statement and supporting budgets Obj. 4 irect labor The budget director of Feathered Friends Inc., with the assistance of the controller, treasurer, abrication production manager, and sales manager, has gathered the following data for use in developing t, $29,216 the budgeted income statement for December: A. Estimated sales for December: 3,200 units at $50 per unit Bird house .. .. Bird feeder.. . . . . . . . . . . . . .. .. . . . XCEL TEMPLATE . B. Estimated inventories at December 1: Direct materials: Finished products: Bird house.. .. Bird feeder....... 320 units at $27 per unit 270 units at $40 per unit Wood 200 ft. C. Desired inventories at December 31: Direct materials: Finished products: Bird house. .. . .290 units at $27 per unit Bird feeder.... 250 units at $41 per unit D. Direct materials used in production: In manufacture of Bird House: In manufacture of Bird Feeder: Wood Plastic..... . . 0.80 ft. per unit of product Wood 1.20 ft. per unit of product 0.50 lb. per unit of product Plastic..... . . . . .. 0.75 lb. per unit of product E. Anticipated cost of purchases and beginning and ending inventory of direct materials: $7.00 per F. Direct labor requirements: Bird House: Bird Feeder: 0.40 hr. at $16 per hr. 0.35 hr. at $12 per hr G. Estimated factory overhead costs for December: Indirect factory wages Depreciation of plant and equipment $75,000 23,000 Power and light Insurance and property tax $6,000 5,000 H. Estimated operating expenses for December: Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment Telephone expense-selling Telephone expense-administrative Travel expense-selling Office supplies expense Miscellaneous administrative expense $70,000 18,000 21,000 600 550 250 4,000 200 400