Antenna Matic Manufacturing accumulated the following budget data for the year:
Sales: units, unit selling price $
Cost of one unit of finished goods: Direct materials feet at $ per foot, direct
labor hours at $ per hour, and manufacturing overhead $ per direct
labor hour.
Inventories raw materials only: Beginning, feet; ending, feet.
Raw materials cost: $ per foot
Selling and administrative expenses: $
Income taxes: of income before income taxes.
Required:
a Prepare a detailed schedule showing the computation of cost of goods sold for
b Prepare a budgeted income statement in proper form for
