Budgeted income statement using an absorption income

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Reference no: EM13918367

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales 840 Selling price per unit $2,140 Cost per unit $1,700 Variable selling and administrative expenses (per unit) $85 Fixed selling and administrative expenses (per year) $225,000 Interest expense for the year $30,000 Required: Prepare the company's budgeted income statement using an absorption income statement format. ReferenceseBook & Resources WorksheetDifficulty: 1 EasyLearning Objective: 07-09 Prepare a budgeted income statement. Check my work

Reference no: EM13918367

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