Question 5 2 pts 1,100 units A company is preparing its May budget and provides the following information: Budgeted sales: 1,000 units Budgeted production: Budgeted selling price per unit: $53/unit Budgeted production cost per unit (includes DM/DL/MOH): $16/unit Budgeted variable selling and administrative cost per unit: $4/unit Fixed selling and administrative costs (excludes depreciation): $14,000 Depreciation on office equipment in administrative offices: $3,000 Calculate the Net Income that would appear on the company's Budgeted Income Statement for the month of May: 4

A company is preparing its May budget and provides the following information: Budgeted sales: Budgeted production: 1,000 units 1,100 units Budgeted selling price per unit: \$53/unit Budgeted production cost per unit (includes DM/DL/MOH): \$16/unit Budgeted variable selling and administrative cost per unit: \$4/unit Fixed selling and administrative costs (excludes depreciation): $14,000 Depreciation on office equipment in administrative offices: $3,000 Calculate the Net Income that would appear on the company's Budgeted Income Statement for the month of May