please help PR 6-3A Budgeted income statement and supporting budgets OBJ.4 The budget director of Fe

please help PR 6-3A Budgeted income statement and supporting budgets OBJ.4 The budget director of Feathered Friends Inc., with the assistance of the controller, trea- surer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for December 2016: a. Estimated sales for December: Bird house. Bird feeder…. 3,200 units at $50 per unit 3,000 units at $70 per unit 320 units at $27 per unit 270 units at $40 per unit 290 units at $27 per unit 250 units at $41 per un Budgeting b. Estimated inventories at December 1: Finished products: Direct materials: Bird house…… Wood …….. …….. 200 ft. Bird feeder…… Plastic…. 240 lbs. c. Desired inventories at December 31: Finished products: Direct materials: Bird house…… Wood … … 220 ft Bird feeder……. Plastic.. .. 200 lbs d. Direct materials used in production: In manufacture of Bird Feeder: In manufacture of Bird House: Wood …….. 0.00ft per unit of product Wood. .. 1.20 ft. per unit Plastic……… 0.50 lb, per unit of product Plastic. .. 0.75 lb. per unit e. Anticipated cost of purchases and beginning and ending inventory of dire Wood …….. $7.00 per ft. Plastic ……………. $1.00 perih f. Direct labor requirements: 1.20 ft. per unit of product b. per unit of product inventory of direct materials: Bird House: 0.20 hr. at $16 per hr. Fabrication Department … 0.30 hr. at $12 per hr. Assembly Department….. Bird Feeder: Fabrication Department… 0.40 hr. at $16 per he. 0.35 hr. at $12 per hr. Assembly Department….. 8. Estimated factory overhead costs for December: Indirect factory wages $75,000 Power and light $6,000 Depreciation of plant and equipment 23,000 Insurance and property tax 5,000 h. Estimated operating expenses for December: Sales salaries expense $70,000 Advertising expense 18,000 Office salaries expense 21,000 Depreciation expense-office equipment 600 Telephone expense-selling 550 Telephone expense-administrative 250 Travel expense-selling 4,000 Office supplies expense 200 Miscellaneous administrative expense 400 i. Estimated other income and expense for December: Interest revenue $200 Interest expense j. Estimated tax rate: 30% 122 Instructions 1. Prepare a sales budget for December. 2. Prepare a production budget for December. 3. Prepare a direct materials purchases budget for December 4. Prepare a direct labor cost budget for December. 5. Prepare a factory overhead cost budget for December. 6. Prepare a cost of goods sold budget for December. Work in process at the beginn of December is estimated to be $29,000, and work in process at the end of Dece is estimated to be $35,400. Prepare a selling and administrative expenses budget for December. 8. Prepare a budgeted income statement for December.