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Vaughn Company has accumulated the following budget data for the year
Sales: units, unit selling price $
Cost of one unit of finished goods: direct materials pound at $ per pound, direct labor hours at $ per hour, and
manufacturing overhead $ per direct labor hour.
Inventories raw materials only: beginning, pounds; ending, pounds.
Selling and administrative expenses: $; interest expense: $
Income taxes: of income before income taxes.
Prepare a schedule showing the computation of cost of goods sold for
VAUGHN COMPANY
Computation of Cost of Goods Sold
Cost of one unit of finished goods:
Direct materials
Direct labor
Manufacturing overhead
Total
Prepare a budgeted multiplestep income statement for
FULTZ COMPANY
Budgeted Income Statement
$
$
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