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show full working: Splish Company has accumulated the following budget data for the year 2022: 1. Sales: 27,900 units; unit selling price $82 2. Cost
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Splish Company has accumulated the following budget data for the year 2022: 1. Sales: 27,900 units; unit selling price $82 2. Cost of one unit of finished goods: direct materials, 2kg at $5 per kilogram; direct labour, 3 hours at $13 per hour; and manufacturing overhead, \$6 per direct labour hour 3. Inventories (raw materials only): beginning, 9,900kg; ending, 14,100kg 4. Raw materials cost: $5 per kilogram 5. Selling and administrative expenses: $201,000 6. Income taxes: 30% of income before income taxes Prepare a budgeted income statement for 2022Step by Step Solution
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