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I need assistance with part B Exercise 23-13 (Part Level Submission) Fultz Company has accumulated the following budget data for the year 2017. 1. Sales:
I need assistance with part B
Exercise 23-13 (Part Level Submission)
Fultz Company has accumulated the following budget data for the year 2017.
1. | Sales: 31,230 units, unit selling price $ 88 . | |
2. | Cost of one unit of finished goods: direct materials 1 pound at $ 5 per pound, direct labor 3 hours at $ 12 per hour, and manufacturing overhead $ 8 per direct labor hour. | |
3. | Inventories (raw materials only): beginning, 10,400 pounds; ending, 15,210 pounds. | |
4. | Selling and administrative expenses: $ 170,000 ; interest expense: $ 30,000 . 5. Income taxes: 30% of income before income taxes. | |
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