Lente contre Faltz gempany has accumulated the following budget data for the year 2017 1) Sales: 30,000 units, unit selling prices, 12) Cost of one unit of finished good direct materials prends per pod direct labor 3 hours at S15 per hour, and manufacturing overhead 55 per net labore 13) Selling and administrative expenses $120,000 interest expense $30.000 1) Income taxe: 30% of income before income tu lestras ) Prepare a schedule showing the computation of cost of goods sold for 2017 (b)Prepare a budgeted multiple-step income statement for 2017, NOTE: Enter a number in cells requesting a valor enterither a sumber ar a formula in cells with a cal Fum Computation of Goods Sold For the Year December 31, 2017 Cost Cost of one unit of finished poods Direct materials Direct laber Manufacturing overlead Total Desc Value De Desc Total cost of goods sold LC 2 ch Fully Budpeted Inome Sulement For the Year Ending December 31, 2017 Value Sales Cost of goods sold - (a) above Gross profit Selling and drive Tilacome from operation expose Income before income Income tax expense of Ince before Netine Value 7 Value Previous Next 11 Dashboard Calendar To Do Notifications Inbox E23-1_prepare a budgeted income statement for the year. Fultz company has accumulated the following budget data for the year 2017. 1) Sales: 30,000 units, unit selling price $85. 12) Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $15 per hour, and manufacturing overhead $5 per direct labor hour. 3) Selling and administrative expenses: $170,000; interest expense: $30,000. 4) Income taxes: 30% of income before income taxes. Instructions (a) Prepare a schedule showing the computation of cost of goods sold for 2017. (6) Prepare a budgeted multiple-step income statement for 2017. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a