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please help create a budgeted income statement for the following information: income statement should look like this Manufacturing Costs Units sold Selling price Direct material

please help create a budgeted income statement for the following information: image text in transcribed
income statement should look like this
image text in transcribed
Manufacturing Costs Units sold Selling price Direct material Direct labour Leashes 50,000 $30.00 $11.25 $10.00 Boardbags 25,000 $110.00 $60.00 $37.00 Paddles 30,000 $80.00 $20.00 $51.50 Variable overhead - percent of direct labour 10% 10% 10% Fixed manufacturing overhead $250,000. Corporate fixed expenses: Research and development $20,000 Selling and marketing $58,000 General administrative S25,000 Fixed manufacturing overhead is allocated to segments based on variable overhead amounts. Income statement should look like this: Aluminum Paddles Leashes Boardbags Total Sales $ xxx $ xxx $ xxx $ xox Cost of Goods Sold Direct materials Direct labour Variable overhead Fixed manufacturing overhead Total cost of goods sold $ xxx XXX xxx $ xox $ xxx Xxx xox xxx $ xxx $ XOOX xox XXX XOXOX $ xox $ xxx Xoox XXX xxx $ xbox $ xox $ xxx $ xoxox Gross Margin Research and development Selling and marketing General administrative Net Income $ xox XOCK XXX XXX $ xx

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