The following budgets were prepared for Byrne Manufacturing:

Required: Prepare a budgeted income statement for the third quarter of 2005 for Byrne Manufacturing.

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Byrne Manufacturing Sales Budget For the Quarter Ended September 30, 2005 Budgeted Unit Sales Budgeted Sales Price = Budgeted Sales Dollars Jul Aug Sep Total 900 1,100 1,300 3,300 225 225 225 $ 225 $202,500 $247,500 $292,500 $742,500 Byrne Manufacturing Cost of Goods Sold Budget For the Quarter Ended September 30, 2005 Budgeted Unit Sales Jul 900 Aug Sep Total 1,100 1,300 3,300 Budgeted Cost per Unit 204 204 204 204 = Budgeted Cost of Goods Sold $183,600 $224,400 $265,200 $673,200 Byrne Manufacturing Selling and Administrative Expense Budget For the Quarter Ended September 30, 2005 Salaries and Wages Rent Jul $ 4,800 2,400 Aug $ 5,200 Sep Total $ 5,800 $15,800 2,400 2,400 7,200 Depreciation 1,150 1,150 1,150 3,450 Other 1,800 2,000 2,200 6,000 Budgeted S&A Expense $10,150 $10,750 $11,550 $32,450