P 2. Bertha’s Bathworks produces hair and bath products. Its biggest customer is a national retail chain that specializes in such products. Bertha Jackson, the owner of Bertha’s Bathworks, would like to have an estimate of the company’s net income in the coming year.

Required Project Bertha’s Bathworks’ net income next year by completing the operating budgets and budgeted income statement that follow.

1. Sales Budget:

2. Production Budget:

3. Direct Materials Purchases Budget:

4. Direct Labor Budget:

5. Overhead Budget:

6. Selling and Administrative Expense Budget:

7. Cost of Goods Manufactured Budget:

8. Budgeted Income Statement:

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Bertha's Bathworks Sales Budget For the Year Ended December 31 Quarter 1 2 3 4 Year Sales in units 4,000 3,000 5,000 5,000 17,000 Selling price per unit x $5 X ? X ? X ? X ? Total sales $20,000 ? ? ? ?