The Mistakes:

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The Full Question:

PA8-2 Preparing Budgeted Income Statement [LO 8-3h] Required Complete Iguana's budgeted income statement for quarter 2. (Round cost per unit in intermediate calculations and final answers to 2 decimal places.) IGUANA, INC Budgeted Income Statement For the Quarter Ending June April 2nd Quarter May June Total 38, 745.00X 10.995. 00X $ 6,977.00X 12.450.00X $ 15.300. 00X $ Budgeted Sales Revenue Budgeted Cost of Goods Sold $ 7,800.00X ,410.00X 24,187.00x Budgeted Gross Margin $4,018.00X $ 4,650.00X $ 5,890.00X$14,558.00 Budgeted Selling and Administrative Expenses Budgeted Net Operating Income 1,035.00 3.205.00 $ (1,487.00)X$ 3,320.00X$ 4,510.00X 6,343.00 1,060.00 1,110.00 IGUANA, INC. Budgeted Income Statement For the Quarter Ending June 2nd Quarter April May June Total Budgeted Sales Revenue Budgeted Cost of Goods Sold $ 10,995.00$ 12,450.00$15,300.00$ 38,745.00 6,977.00 7,800.00 9,410.00 24,187.00 ONLY avilable options Budgeted Gross Margin $4,018.00 4,650.00$5,890.00$ 14,558.00 There is no (Equipments) or (Monthly manufacturing overhead) Budgeted Contribution Margin Budgeted Cost of Goods Sold Budgeted Interest Expense Budgeted Sales Returns and Allowances Budgeted Sales Revenue Budgeted Selling and Administrative Expenses 1,060.00 1,110.00 3,205.00 00$3,320.00 4,510.00