Bird House Unlimited, Inc._BUDGETS Bird House Unlimited, Inc._BUDGETS 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%