Acc349 Cost Accounting: BE9-8 Stoker Company has completed all of its operating budgets

Acc349 Cost Accounting

BE9-8
Stoker Company has completed all of its operating budgets. The sales budget for the year shows 50,000 units and total sales of $2,000,000. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $300,000. Income taxes are estimated to be $150,000.

Prepare a budgeted income statement for the year ending December 31, 2005.
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