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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 NovemberBird House29,000unitsat$33per unitBird Feeder25,000unitsat$37per unitDirect materialsEstimated inventories at November 1(beginning)Wood2600feetPlastic3200poundsEstimated inventories at November 30th(ending)Wood3500feetPlastic2800poundsDirect materials used in production:In the manufacture of a Bird House:Wood0.80feet per unit of productPlastic0.50pounds per unit of productIn the manufacture of a Bird Feeder:Wood1.20feet per unit of productPlastic0.75pounds per unit of productEstimated cost of direct materialsWood$6.00per feetPlastic$0.90per poundWork in process-given in total of the 2 productsEstimated inventories at November 1(beginning)$2,000Estimated inventories at November 30th(ending)$3,000Finished GoodsEstimated inventories at November 1(beginning)Bird House4,000unitsat$13per unitBird Feeder2,500unitsat$14per unitEstimated inventories at November 30th(ending)Bird House5,000unitsat$13per unitBird Feeder2,000unitsat$14per unitDirect Labor Requirements:Bird HouseFabrication Department0.25hourat$15per hourAssembly Department0.3hourat$12per hourBird FeederFabrication Department0.45hourat$15per hourAssembly Department0.35hourat$12per hourEstimated Manufacturing Overhead Costs for NovemberIndirect Factory Wages$2,000Depreciation of Plant and Equipment1,000Power and Light4,000Insurance and property tax3,000Estimated operating expenses for NovemberSales salaries expense$2,000Advertising expense10,000Office salaries expense5,000Depreciation expense-office equipment4,000Telephone expense-selling5,000Telephone expense-administrative2,000Travel expense-selling2,000Office supplies expense3,000Miscellaneous Administrative expense6,000Estimated other income and expense for NovemberInterest Revenue$14,000Interest Expense10,000Estimated tax rate30%
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