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1. Note that you will need to show your calculations for determining the predetermined overhead rate for the indirect costs. Budgeted Income Statement Budgeted Revenue

1. Note that you will need to show your calculations for determining the predetermined overhead rate for the indirect costs.

Budgeted Income Statement
Budgeted Revenue	180,000
Less Expenses
Selling and Administrative	(14,280)
Overhead Expenses	(66,000)
Net Income	99,720

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