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5 pts XYZ Company has accumulated the following budget data for the year 2022. 1. Sales: 30,000 units, unit selling price $60. 2. Cost
5 pts XYZ Company has accumulated the following budget data for the year 2022. 1. Sales: 30,000 units, unit selling price $60. 2. Cost of one unit of finished goods: Direct materials 3 pounds at $5 per pound, direct labor 2 hours at $10 per hour, and manufacturing overhead $6 per direct labor hour. 3. Selling and administrative expenses: $200,000. 4. Income taxes: 30% of income before income taxes. Use the information above to provide the following items from the budgeted income statement: Gross profit $390,000 $940,000 $1,800,000 $260,000 None of the responses provided.
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