NEED HELP ASAP!!

Income Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 48,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead ? Direct materials $50,000 26,000 250,000 Next year, Bob's Bistro expects to purchase $127,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Work-in-Process Inventory Inventory Beginning $4,000 Ending $3,900 Next year, Bob's Bistro expects to produce 48,000 units and sell 47,300 units at a price of $17.00 each. Beginning inventory of finished goods is $38,500, and ending inventory of finished goods is expected to be $30,000. Total selling expense is projected at $26,500, and total administrative expense is projected at $101,000. $10,100 $12,100

Income Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 48,000 units will be produced with the following total costs: Next year, Bob's Bistro expects to purchase $127,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Next year, Bob's Bistro expects to produce 48,000 units and sell 47,300 units at a price of $17,00 each, Beginning inventory af finished goods is $38,500, and ending inventory of finished goods is expected to be $30,000, Total seiling expense is projected at $26,500, and total administrative expense is projected ot $101,000. 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage, For example, .88349 would be rounded to .8835 and entered as 88.35 . 2. What if the operating expenses percentage for the past few years was 55.22 percent? Management's reaction might be: Income Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 48,000 units will be produced with the following total costs: Next year, Bob's Bistro expects to purchase $127,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Next year, Bob's Bistro expects to produce 48,000 units and sell 47,300 units at a price of $17,00 each, Beginning inventory af finished goods is $38,500, and ending inventory of finished goods is expected to be $30,000, Total seiling expense is projected at $26,500, and total administrative expense is projected ot $101,000. 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage, For example, .88349 would be rounded to .8835 and entered as 88.35 . 2. What if the operating expenses percentage for the past few years was 55.22 percent? Management's reaction might be