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Please solve this problem Exercise 21-13 (Part Level Submission) Fultz Company has accumulated the following budget data for the year 2017 1. Sales: 31,410 units,
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Exercise 21-13 (Part Level Submission) Fultz Company has accumulated the following budget data for the year 2017 1. Sales: 31,410 units, unit selling price $85 2. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,120 pounds; ending, 15,480 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000 5. Income taxes: 30% of income before income taxesStep by Step Solution
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