Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the COGS per unit is wrong. need help finding it. let me know what other information you shall need. thanks in advance 9. From here
the COGS per unit is wrong. need help finding it. let me know what other information you shall need.
thanks in advance
9. From here we move on to the Budgeted Income Statement. Vaughan Company Budgeted Income Statement 3rd Quarter Total July August September 3rd Quarter $ 800,000 $ 22 total CGS, not per unit Sales Less: CGS Gross Margin Less: S&A Expenses Net Operating Income (Loss) Less: Interest Expense Net Income 320,000 $ 22 319,978 61,000 258,978 360,000 $ 22 359,978 66,000 293,978 799,978 121,000 678,978 1,480,000 67 1,479,933 248,000 1,231,933 $ 258,978$ 293,978$ 678,978 $ 1,231,933 9. From here we move on to the Budgeted Income Statement. Vaughan Company Budgeted Income Statement 3rd Quarter Total July August September 3rd Quarter $ 800,000 $ 22 total CGS, not per unit Sales Less: CGS Gross Margin Less: S&A Expenses Net Operating Income (Loss) Less: Interest Expense Net Income 320,000 $ 22 319,978 61,000 258,978 360,000 $ 22 359,978 66,000 293,978 799,978 121,000 678,978 1,480,000 67 1,479,933 248,000 1,231,933 $ 258,978$ 293,978$ 678,978 $ 1,231,933Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started