Question

Roman Inc. has the following totals from its operating budgets:
Selling and administrative expenses budget..............$ 244,500
Cost of goods sold budget.......................................... 727,300
Sales budget..............................................................1,222,700
Prepare a budgeted income statement for the year ended December 31, 2016, assuming that income from operations is taxed at a rate of 30%.


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  • CreatedMarch 31, 2015
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