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Cymal E-Motors is a fast-growing start-up firm that manufactures electric motors for bicycles. The following...

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Accounting

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Cymal E-Motors is a fast-growing start-up firm that manufactures electric motors for bicycles. The following income statement ir Triniable for April Sales voluine is expected to increase by 30 percent in May, but the sales price is expected to fall 5 percent. Vartable manufact costs are expected to increase by 7.5 percent per unit in May. In addition to these cost changes, variable manufacturing coits irio s. change with sales volume. Marketing and administrative cash costs are expected to increase by 15 percent. All revenues and costs at Cymbal are cash transactions, except for depreciotion. Cymbal maintains no inventontes. Deprecultion freed and is forecast to remain unchanged in the next six months. Required: Prepare a budgeted income statement for May. Note: Do not round intermediate calculetions. Cymbal E-Motors Budgeted Income Statement For the Month of May

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