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Baskin Promotions, Inc. sells T-shirts decorated for a variety of concert performers. The company has...

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Accounting

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Baskin Promotions, Inc. sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 83,000 T-shirts Sales Cost of Goods Sold Gross Profit Op Operating Income Income Taxes (30% of operating income) Net Income $1,454,990 853 240 601,750 430,340 171,410 51,423 S 119.987 ng Expenses (100,000 is fixed) Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income If the concert season is slow due to poor weather, Baskin estimates that sales could fall to as low as 63,000 T- shirts hat unit cost did Baskin use in budgeting the cost of goods sold for the year? $6.05 per unit $10.28 per unit $17.53 per unit Some other amount

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