SuperiorSuperior

SoundSound

manufactures hearing aid devices. For January,

SuperiorSuperior

SoundSound

expects to sell

1 comma 5001,500

hearing aid devices at an average price of

$ 2 comma 360$2,360

per unit.

SuperiorSuperior

Sound'sSound's

average manufacturing cost of each unit sold is

$ 1 comma 470$1,470.

Variable operating expenses for

SuperiorSuperior

SoundSound

will be

$ 1.70$1.70

per unit sold and fixed operating expenses are expected to be

$ 7 comma 200$7,200

for the month. Monthly interest expense is

$ 3 comma 200$3,200.

SuperiorSuperior

SoundSound

has a tax rate of

30 %30%

of income before taxes. Prepare

SuperiorSuperior

Sound'sSound's

budgeted income statement for January.