Question: Bell Simpson manufactures a specialty precision scale For January the
Bell Simpson manufactures a specialty precision scale. For January, the company expects to sell 800 scales at an average price of $ 2,350 per unit. The average manufacturing cost of each unit sold is $ 1,400. Variable operating expenses for the company will be $ 1.10 per unit sold and fixed operating expenses are expected to be $ 7,700 for the month. Monthly interest expense is $ 3,700. The company has a tax rate of 40% of income before taxes. Prepare Bell Simpson’s budgeted income statement for January.
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