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Please help with budgeted income statement. Oriole Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budsets
Please help with budgeted income statement.
Oriole Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budsets for Snare for the first 2 quarters of 2025 . 1. Sales quater 1,28,400 bass quarter 2,44,000 bags. Selling price is $62 per bas- 2. Direct materials each bog of Snare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.50 per pound, 3. Desired inventory levels: 4. Direct fatror: direct Lboer time is 15 minutes per bas at an hourly rate of $16 per hour. 5. Selling and administrathe expenves are expected to be 15% of sales plus $180000 per quarter. 6. Interest expense is $100,000 for the 2 quarters. 7. Income taxes are expected to be 2005 of incoine before income taves. Oriole Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budsets for Snare for the first 2 quarters of 2025 . 1. Sales quater 1,28,400 bass quarter 2,44,000 bags. Selling price is $62 per bas- 2. Direct materials each bog of Snare requires 4 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.50 per pound, 3. Desired inventory levels: 4. Direct fatror: direct Lboer time is 15 minutes per bas at an hourly rate of $16 per hour. 5. Selling and administrathe expenves are expected to be 15% of sales plus $180000 per quarter. 6. Interest expense is $100,000 for the 2 quarters. 7. Income taxes are expected to be 2005 of incoine before income taves Step by Step Solution
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