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Budgeted unit sales 520 Selling price per unit $1.980 Cost per unit $1,660 Variable selling and administrative expenses $60 (per unit) Fixed selling and administrative
Budgeted unit sales 520 Selling price per unit $1.980 Cost per unit $1,660 Variable selling and administrative expenses $60 (per unit) Fixed selling and administrative expenses $105,000 (per year) Interest expense for the year $14,000 Required: Prepare the company's budgeted income statement using an absorption income statement format. Gig Harbor Boating Budgeted Income Statement
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