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KarenSmith KarenSmith
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7 years ago
Hydraulic Manufacturing has prepared the following budgeted information for September, 2006.
   Hydraulic Manufacturing
   Sales Budget
   For September 30, 2006

   Budgeted Sales in Units   450
   Budgeted Sales Price   $      1,500
   Budgeted Sales Dollars   $ 675,000

   Hydraulic Manufacturing
   Cost of Goods Sold Budget
   For September 30, 2006

   Budgeted Sales in Units   450
   Budgeted cost per unit   $         825
   Budgeted COGS   $ 371,250

   Hydraulic Manufacturing
   Selling and Administrative Expense Budget
   For September 30, 2006

   Salaries and wages   $ 145,000
   Rent   20,000
   Depreciation   50,000
   Advertising   25,000
   Other          10,000
   Budgeted S & A Expense   $ 250,000

REQUIRED:
Prepare a budgeted income statement for Hydraulic Manufacturing for September 30, 2006. The company's tax rate is 40%.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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KarenSmith Author
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7 years ago
You are my life saver lol
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