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Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales
Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 40.000 for January. 60.000 for February, and 50,000 for March. Cost of goods sold is $12 per unit. Other expense Information for the first quarter follows. domissions a Adven Lasing Office salaris Depreciation Interest Tale of sales dollars $ 16.808 per month 14. of sales dollar $73.88 per month $27.00 Den en 11% anually on a $238.260 mote Payable Prepare a budgeted Income statement for this first quarter. {Round your final answers to the nearest whole dollar.) FORTUNE INC. Budgeted Income Statement For Quarter Ended March 31 Operating expenses
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