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for this problem i just need help with the income statement The following annual budget data relates to Navient Inc. for the year ending December

image text in transcribedfor this problem i just need help with the income statement

The following annual budget data relates to Navient Inc. for the year ending December 1,2018 Product Product APP ZAP Sales budget: Anticipated volume in units Unit selling price 46,000 $25.00 30,000 $46.00 Production budget: Desired ending finished goods units Beginning finished goods units 1,000 500 2,000 1,500 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 3,000 2,500 $1.00 800 1,000 $3.00 Direct labor budget: Direct labor time per unit Direct labor rate per hour 1.5 $8.00 2.0 $7.00 Budgeted income statement: Total unit cost $21.00 S34.00 A detailed selling and administrative expense budget shows selling expenses of $100,000 or product APP and $80,000 for product ZAP, and administrative expenses of $50,000 or product APP and $30,000 for product ZAP Income taxes are expected to be 25%. nstructions repare the following budgets for the year. Show data for each product. a) Sales b) Production c) Direct materials d) Direct labor e) Income statement (Note: Income taxes are not allocated to the products.)

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