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Ivanhoe Company has accumulated the following budget data for the year 2022 : ...

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Accounting

Ivanhoe Company has accumulated the following budget data for the year 2022 :
Sales: 32,900 units; unit selling price $83
Cost of one unit of finished goods: direct materials, 2kg at $5 per kilogram; direct labour, 3 hours at $13 per hour; and
manufacturing overhead, $6 per direct labour hour
Inventories (raw materials only): beginning, 10,800kg; ending, 13,900kg
Raw materials cost: $5 per kilogram
Selling and administrative expenses: $211,000
Income taxes: 30% of income before income taxes B)PREPARE A BUDGETED INCOME STATEMENT FOR 2022
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