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Income Statement Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs Bistro predicts that...

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Accounting

Income Statement Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs Bistro predicts that 52,600 units will be produced with the following total costs: Direct materials ? Direct labor $68,000 Variable overhead 22,000 Fixed overhead 190,000 Next year, Bobs Bistro expects to purchase $117,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory Work-in-Process Inventory Beginning $7,000 $14,500 Ending $6,900 $16,500 Next year, Bobs Bistro expects to produce 52,600 units and sell 51,900 units at a price of $13.00 each. Beginning inventory of finished goods is $44,500, and ending inventory of finished goods is expected to be $36,000. Total selling expense is projected at $20,000, and total administrative expense is projected at $113,000. Required: Question Content Area 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Bob's Bistro Income Statement For the Coming Year

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