Please help 1-8 questions budgeted income statement for December 2016 a. Estimat
ID: 2596348 • Letter: P
Question
Please help 1-8 questions budgeted income statement for December 2016 a. Estimated sales for December: 3,200 units at $50 per unit 3,000 units at $70 per unit Bird house Bird feeder b. Estimated inventories at December 1 Direct materials: Wood 200 ft. 240 lbs. Finished products: Bird house Bird feeder 320 units at $27 per unit 270 units at $40 per unit c. Desired inventories at December 31 Direct materials: Wood Plastic Finished products: Bird house Bird feeder 220 ft. 200 lbs. 290 units at $27 per unit 250 units at $41 per unit d. Direct materials used in production In manufacture of Bird House: Wood Plastic In manufacture of Bird Feeder: Wood Plastic 0.80 ft. per unit of product 0.50 ib. per unit of product 1.20 ft. per unit of product 0.75 lb. per unit of product e. Anticipated cost of purchases and beginning and ending iventory of direct materials: Wood $7.00 per ft. $1.00 per ib. f. Direct labor requirements: Bird House: Fabrication Department 0.20 hr. at $16 per hr. 0.30 hr. at $12 per hr. Bird Feeder: Fabrication Department 0.40 hr. at $16 per hr 0.35 hr. at $12 per hr g. Estimated factory overhead costs for December: $75,000 23,000 $6,000 5,000 h. Estimated operating expenses for December: Indirect factory wages Depreciation of plant and equipment Power and light insurance and property tax $70,000 18,000 21,000 Sales salaries expense Advertising expense Office salaries expense Depreciation expense-office equipment 600 Telephone expense-selling Telephone expense-administrative Travel expense-selling Office supplies expense Miscellaneous administrative expense400 550 250 200 L. Estimated other income and expense for December: Interest revenue $200 Interest expense 122 J. Estimated tax rate: 30%
Explanation / Answer
Answer to part 1
Answer to part 2
Answer to part 3
Answer to part 4
Answer to part 5
Answer to part 7
Feathered Friends Inc Sales Budget For the Month Ending December 31, 2016 Units Sales Volume Unit Selling Price Total Sales Bird House 3200 $50 $160,000 Bird Feeder 3000 $70 $210,000 Total 6200 370000