Could I get some help with the selling and administrative expenses budget and budgeted income statement for this question.
I believe I have completed most of it but have a few issues at the end.
Budgeted Income Statement and Supporting Budgets
The budget director of Feathered Friends Inc. with the assistance of the controller treasurer production manager and sales manager has
gathered the following data for use in developing the budgeted income statement for October 2012:
Estimated sales for October:
Estimated inventories at October 1:
Desired inventories at October 31:
Direct materials used in production:
Anticipated cost of purchases and beginning and ending inventory of direct materials:
Direct labor requirements:
Estimated factory overhead costs for October:
Estimated operating expenses for October:
Estimated other income and expense for October:
Estimated tax rate: 30%
7. Prepare a selling and administrative expenses budget for October. Enter all amounts as positive
FEATHERED FRIENDS INC.
Selling and Administrative Expenses Budget
For the Month Ending October 31 2012
Sales salaries expense
Total selling expenses
Office salaries expense
Depreciation expense-office equipment
Office supplies expense
Miscellaneous administrative expense
Total administrative expenses
Total operating expenses
8. Prepare a budgeted income statement for October. Enter all amounts as positive numbers.