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Marigold Company has accumulated the following budget data for the year 2022. 1 2 3...

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Accounting

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Marigold Company has accumulated the following budget data for the year 2022. 1 2 3 Sales: 46,000 units, unit selling price $55. Cost of one unit of finished goods: Direct materials 2 pounds at $5 per pound, direct labor 1.5 hours at $ 14 per hour, and manufacturing overhead $ 6 per direct labor hour Inventories (raw materials only). Beginning, 10.000 pounds; desired ending. 15,000 pounds. Raw materials cost: $5 per pound. Selling and administrative expenses $235.000 Income taxes: 20% of income before income taxes. 4 5 6 Prepare a budgeted income statement for 2022. MARIGOLDCOMPANY Budgeted Income Statement For the Year Ending December 31, 2022 Sales $ $ Cost of goods sold 4 Gross profit $ $

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