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Please help - CH 24.2 Part B Bonita Company has accumulated the following budget data for the year 2022 . 1. Sales: 31,160 units, unit
Please help - CH 24.2 Part B
Bonita Company has accumulated the following budget data for the year 2022 . 1. Sales: 31,160 units, unit selling price $88. 2. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $13 per hour, and manufacturing overhead $6 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,280 pounds; ending, 15,490 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000. 5. Income taxes: 20\% of income before income taxes. Prepare a budgeted multiple-step income statement for 2022. BONITA COMPANY Budgeted Income StatementStep by Step Solution
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