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Preparing a budgeted income statement

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Reference no: EM132507420

Question 1: Preparing a Budgeted Income Statement

Oliver Company provided the following information for the coming year:

Units produced and sold 160,000

Cost of goods sold per unit $6.30

Selling price $13

Variable selling and administrative expenses per unit $1.10

Fixed selling and administrative expenses $423,000

Tax rate 23 %

Required:

Question 2: What is budgeted income statement for Oliver Company for the coming year? Round all income statement amounts to the nearest dollar.

  1. Oliver Company
  2. Budgeted Income Statement
  3. For the Coming Year

Reference no: EM132507420

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