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Wilson and Hyde Inc, based in Seattle, Washington, operates on the cash basis. It has...

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Accounting

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Wilson and Hyde Inc, based in Seattle, Washington, operates on the cash basis. It has the following information for the year ending June 2019 year 1 Revenues (250,000 units $4.980,000 Manufacturing Costs Materials $780,000 Variable Cash Costs $840,000 $340,000 $475,000 Foxed Cash costs Depreciation fixed Marketing & administrative Costs: Marketing variable $520,000 Marketing depreciation $117,000 Administrative fixed $490,000 Administrative depreciation $50,000 Total Costs 53.612.000 Operating profits $1.368.000 Depreciation charges are fixed and should remain the same for year 2. Sales volume is expected to increase by 11%, and selling prices are expected to increase by 6%. Material costs per unit are expected to increase by 7%. Other unit variable manufacturing costs are expected to increase by 12% per unit. Fixed manufacturing costs (besides depreciation) are expected to increase by 8%. Variable marketing costs per unit will remain constant. Administrative costs (other than depreciation) are expected to increase by 15%. Assume there are no inventories A budgeted Income statement for June 2020 will show an approximate income (loss) of: 32,63335 52,804 515130 51736,874

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