Preparation of Individual Budgets Selling and administrative expenses

b$.$ Using data generated in requirement $($a$),$ prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of $30\%.$

Round answers to the nearest whole number.

Do not use negative signs with your answers. Selling and administrative expenses

b$.$ Using data generated in requirement $($a$),$ prepare a budgeted income statement for the calendar quarter. Assume an overall effective income tax rate of $30\%.$

Round answers to the nearest whole number.

Do not use negative signs with your answers. Do not use negative signs with your answers.

During the first calendar quarter of the year, Clinton Corporation is planning to manufacture a new product and introduce it in two regions. Market research indicates that sales will be $9,000$ units in the urban

region at a unit price of $$53$ and $8,000$ units in the rural region at $$48$ each. Because the sales manager expects the product to catch on$,$ he has asked for production sufficient to generate a $7,000-$unit ending

inventory. The production manager has furnished the following estimates related to manufacturing costs and operating expenses:

$*$Varies per unit sold, not per unit produced.

a$.$ Assuming that the desired ending inventories of materials A and $B$ are $7,000$ and $9,000$ pounds, respectively, and that work$-$in$-$process inventories are immaterial, prepare budgets for the calendar quarter in

which the new product will be introduced for each of the following operating factors: