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Prepare the company budgeted income statement

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Reference no: EM132747457

Question - Tab-Comp Inc. is a wholesale distributor of computer hardware. Management has prepared the following summary data to use in its annual budgeting process:

Budgeted sales (in units) 1,600

Selling price per unit $125

Cost per unit $50

Variable selling and administrative expenses (per unit) $30

Fixed selling and administrative expenses (per year) $23,000

Interest expense for the year $12,000

Required - Prepare the company's budgeted income statement.

Reference no: EM132747457

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