please help me
The managernent teamat Waterway Corporation is capitalizing on the trend for live-edge cedar fireplace mantels-beautifue, simple, organic. Ia fact, sales are so strong they are ruining out of inventory. This mears that budgeting for next year will be extremely important, to enture sure that Waterway can source enough cedat. With budgeted sales as the starting point for the entire process, the management team agrees that the following levels present the most likely seenario for the first five montis of the upcoming year. in addition to saies volume. marw other wecifics are required in order to complete the company's operating budgets, Key detals associsted with prices, costs, and usage are as follows. - Eudgeted selling orice is $500 per mantet. Eachmantet masures 3 inches 12 inches 4 feet. - Target ending insentory of fialihed manteis is 200 of next monthis budgeted sales. However. beginning imventory on daruary 1 is expexted to be only 39 units. - Waterway primary DM, rough-oit cedar is purchused from the seopler aready at the desired height and depth i3 inches high, 12 inches deepl. Waterway cuts the cedar ganks to the degired 4 . foot lengths Each rough-out bourd costs Waterwar $50 per foot. - Target ending DM iementory (rough-cut cedar is 50s af next momtis production needs. - DL to sand, stain and treat the rough-cut cedar cons 320 per hour, Each muntel reeules ane hour of abor time. includes $7.500 of depreciation. - All sales are made on account, with 25% payine in the month of sale and 705 paving is the month following the sale. The remainder is considered uncollectible. December sales in the prior ver were budgoted to be $233.000 - Eeginnine finiched goods irwentory was heid at a cost of $270 Nunit from the prior yeuc. Prepare Oriole's budgeted income statement for the first quarter. (Round answers to 2 decimal places, eg. 15.25.) Please help with this question? The managernent teamat Waterway Corporation is capitalizing on the trend for live-edge cedar fireplace mantels-beautifue, simple, organic. Ia fact, sales are so strong they are ruining out of inventory. This mears that budgeting for next year will be extremely important, to enture sure that Waterway can source enough cedat. With budgeted sales as the starting point for the entire process, the management team agrees that the following levels present the most likely seenario for the first five montis of the upcoming year. in addition to saies volume. marw other wecifics are required in order to complete the company's operating budgets, Key detals associsted with prices, costs, and usage are as follows. - Eudgeted selling orice is $500 per mantet. Eachmantet masures 3 inches 12 inches 4 feet. - Target ending insentory of fialihed manteis is 200 of next monthis budgeted sales. However. beginning imventory on daruary 1 is expexted to be only 39 units. - Waterway primary DM, rough-oit cedar is purchused from the seopler aready at the desired height and depth i3 inches high, 12 inches deepl. Waterway cuts the cedar ganks to the degired 4 . foot lengths Each rough-out bourd costs Waterwar $50 per foot. - Target ending DM iementory (rough-cut cedar is 50s af next momtis production needs. - DL to sand, stain and treat the rough-cut cedar cons 320 per hour, Each muntel reeules ane hour of abor time. includes $7.500 of depreciation. - All sales are made on account, with 25% payine in the month of sale and 705 paving is the month following the sale. The remainder is considered uncollectible. December sales in the prior ver were budgoted to be $233.000 - Eeginnine finiched goods irwentory was heid at a cost of $270 Nunit from the prior yeuc. Prepare Oriole's budgeted income statement for the first quarter. (Round answers to 2 decimal places, eg. 15.25.) Please help with this
