Water Filters, Inc. has accumulated the following budget data for the year
Sales: units, unit selling price $
Cost of one unit of finished goods: Direct materials pounds at $
per pound, direct labor hours at $ per hour, and manufacturing
overhead $ per direct labor hour.
Inventories raw materials only Beginning, ending
Raw materials cost: $ per pound.
Selling and administrative expenses: $
Income taxes: of income before income taxes.
Instructions
a Prepare a schedule showing the computation of cost of goods sold for
b Prepare a budgeted income statement for
