Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

I'm working on a budget sheet

Business Apr 05, 2022

I'm working on a budget sheet. I have most of the calculation completed. I'm stuck on one part of it. What are the equations with the number's populated for a budgeted income statement with these numbers. I need the equations so I can calculate through my work problems.

 

Price Per Unit: 85

Units produced and sold: 1200

Sales: 85*1200 = $102000.00

 

Variable costs

Costs of goods sold: 1200*35 = $42000

 

Operating costs

Shipping costs: 3*1200 = $3600

Contributions: $28200

 

Fixed Cost

Labor cost monthly: 400*12 = $4800

Advertising: $3000

Bank Fees: $200

Office Supplies: $900

Phone / Internet: 150*12 = 1800

Utilities: 100*12 = $1200

Conference fee: $3000

Travel: $1200

 

Net Income before taxes: ??

Tax: 28%

Income: ??

Net Income after taxes ??

 

What are the remainder of the calculations and equations for a budgeted income statement using these numbers and calculations?

Expert Solution

For detailed step-by-step solution, place custom order now.
Need this Answer?

This solution is not in the archive yet. Hire an expert to solve it for you.

Get a Quote
Secure Payment