Tamarisk Company has budgeted the following for the year ended December 31,2022 : 1. Sales:...
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Accounting
Tamarisk Company has budgeted the following for the year ended December 31,2022 : 1. Sales: 45,600 units; unit selling price $72. 2. Cost of one unit of finished goods: direct materials, 2kg at $4 per kilogram; direct labour. 4 hours at $13 per hour; and manufacturing overhead, $2 per direct labour hour. 3. Selling and administrative expenses: $143,000. 4. Income taxes: 25% of income before income taxes. Prepare a budgeted income statement for the year ended December 31. 2022
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