question 5 Sweet Acacialnc. is preparing its annual budgets for the year ending December...
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Accounting
question 5
Sweet Acacialnc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants have provided the following data: expenses of $524,000 for product LN 35 and $179,000 for product LN 40 . Income taxes are expected to be 30%. Prepare the sales budget for the year. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{\begin{tabular}{l} SWEET ACACIAINC. \\ Sales Budget \\ For the Year Ending December 31, 2022 \end{tabular}} & \\ \hline & & LN 35 & & LN 40 & & Total \\ \hline \multicolumn{7}{|c|}{ Expected sales in units } \\ \hline Unit selling price & $ & & $ & & & \\ \hline Total sales & $ & & $ & & $ & \\ \hline \end{tabular} Question Part Score Prepare the production budget for the year. Prepare the production budget for the year. SWEET ACACIA INC. Direct Materials Budget For the Year Ending December 31, 2022 LN 35 LN40 Total Prepare the direct labour budget for the year. (Round direct labour hours per unit to 2 decimal places, e.g. 0.15.) Prepare the budgeted income statement for the year. (Note: Income taxes are not allocated to the products.)
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