What is equations for a budgeted income statement

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Reference no: EM132584225

Price Per Unit: 85

Units produced and sold: 1200

Sales: 85*1200 = $102000.00

Variable costs

Costs of goods sold: 1200*35 = $42000

Operating costs

Shipping costs: 3*1200 = $3600

Contributions: $28200

Fixed Cost

Labor cost monthly: 400*12 = $4800

Advertising: $3000

Bank Fees: $200

Office Supplies: $900

Phone / Internet: 150*12 = 1800

Utilities: 100*12 = $1200

Conference fee: $3000

Travel: $1200

Net Income before taxes:

Tax: 28%

Income: ??

Net Income after taxes ??

Question 1: What are the remainder of the calculations and equations for a budgeted income statement using these numbers and calculations?

Reference no: EM132584225

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