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Help Bratt Simpson manufactures a specialty precision scale. For January, the company expects to sell 1,300 scales at an average price of $2,360 per unit.

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Help Bratt Simpson manufactures a specialty precision scale. For January, the company expects to sell 1,300 scales at an average price of $2,360 per unit. The average manufacturing cost of each unit sold is $1,490. Variable operating expenses for the company will be $1.90 per unit sold and fixed operating expenses are expected to be $7,600 for the month. Monthly interest expense is $3,600. The company has a tax rate of 20% of income before taxes. Prepare Bratt Simpson's budgeted income statement for January Bratt Simpson Budgeted Income Statement For the Month Ended January 31 Sales 3068000 1937000 1131000 Less: Cost of goods sold Gross profit Less: Operating expenses Variable portion Fixed portion Operating income Less: Interest expense 2470 7600 3600 1117330 Less: Income tax expense pr Net Income tax met

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