Budgeted Income Statement
Tobitzu TV produces wall mounts for flat panel television sets. The forecasted income statement for 2009 is as follows:TOBITZU TVBudgeted Income StatementFor the Year 2009Sales ($43 per unit) $4,300,000Cost of good sold ($32 per unit) (3,200,000)Gross profit 1,100,000Selling expenses ($2 per unit) (200,000)Net income $900,000Additional Information(1) Of the production costs and selling expenses, $600,000 and $100,000, r
0 sold
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28 Oct 2017