#

55

A company develops the following budgeted income statement information:

Budgeted units sold: 10,000

Selling Price $47 per unit

Direct materials $10 per unit

Direct labor $3 per unit

Variable overhead $1 per unit

Fixed overhead $2 per unit

Selling General & Amin $5 per unit

What is the budgeted net income if interest expense is $30,000