Pargo Company is preparing its budgeted income statement for 2017. Relevant data pertaining to its sales, production, and direct materials budgets can be found in
In addition, Pargo budgets 0.3 hours of direct labor per unit, labor costs at $15 per hour, and manufacturing overhead at $20 per direct labor hour. Its budgeted selling and administrative expenses for 2017 are $6,000,000.
(a) Calculate the budgeted total unit cost.
(b) Prepare the budgeted multiple-step income statement for 2017. (Ignore income taxes.)