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Prepare bedgeted income statement for july

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Reference no: EM132560945

sales plan 2020

may..........$60000

june.........$80000

july.............$100000

august......$120000

a. selling aprice unit$10

b. cost of goods per a units is$. 6 variable operating expenseare 20%of sales

c. inventory maintained at 150%of the next months sales in units

d. fixed operating expenses are $180000 per year allocated for each month proportionally.

required

Question 1: prepare purchase budget in $for july 2020?

Question 2: prepare bedgeted income statement for july 2020

Reference no: EM132560945

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