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Bird House Unlimited, Inc._BUDGETS

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Question;The budget director for Bird House Unlimited, Inc., has gathered;the following data for use in developing the budgeted income statement for;November 20XX.;Estimated;sales for November;Bird House;29,000;units;at;$33;per unit;Bird Feeder;25,000;units;at;$37;per unit;Direct materials;Estimated;inventories at November 1(beginning);Wood;2600;feet;Plastic;3200;pounds;Estimated;inventories at November 30th(ending);Wood;3500;feet;Plastic;2800;pounds;Direct;materials used in production;In the;manufacture of a Bird House;Wood;0.80;feet per unit of product;Plastic;0.50;pounds per unit of product;In the;manufacture of a Bird Feeder;Wood;1.20;feet per unit of product;Plastic;0.75;pounds per unit of product;Estimated;cost of direct materials;Wood;$6.00;per feet;Plastic;$0.90;per pound;Work;in process-given in total of the 2 products;Estimated;inventories at November 1(beginning);$2,000;Estimated;inventories at November 30th(ending);$3,000;Finished Goods;Estimated;inventories at November 1(beginning);Bird House;4,000;units;at;$13;per unit;Bird Feeder;2,500;units;at;$14;per unit;Estimated;inventories at November 30th(ending);Bird House;5,000;units;at;$13;per unit;Bird Feeder;2,000;units;at;$14;per unit;Direct Labor Requirements;Bird House;Fabrication Department;0.25;hour;at;$15;per hour;Assembly Department;0.3;hour;at;$12;per hour;Bird Feeder;Fabrication Department;0.45;hour;at;$15;per hour;Assembly Department;0.35;hour;at;$12;per hour;Estimated;Manufacturing Overhead Costs for November;Indirect Factory Wages;$2,000;Depreciation;of Plant and Equipment;1,000;Power and Light;4,000;Insurance and property tax;3,000;Estimated;operating expenses for November;Sales salaries expense;$2,000;Advertising expense;10,000;Office salaries expense;5,000;Depreciation;expense-office equipment;4,000;Telephone expense-selling;5,000;Telephone;expense-administrative;2,000;Travel expense-selling;2,000;Office supplies expense;3,000;Miscellaneous;Administrative expense;6,000;Estimated;other income and expense for November;Interest Revenue;$14,000;Interest Expense;10,000;Estimated tax rate;30%

 

Paper#44657 | Written in 18-Jul-2015

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