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Baskin Promotions, Incorporated sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on

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Baskin Promotions, Incorporated sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 82,000 T-shirts: Sales Cost of Goods Sold Gross Profit Operating Expenses ($100,000 is fixed) Operating Income Income Taxes (30# of operating income) $ 1,436,640 842, 140 594,500 426,360 168,140 50,442 $ 117,698 Net Income Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income. If the concert season is slow due to poor weather, Baskin estimates that sales could fall to as low as 62,000 T-shirts What unit cost did Baskin use in budgeting the cost of goods sold for the year? Multiple Choice $6.03 per unit $10.27 per unit $17.52 per unit Some other amount

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