Question

Rossdale Labs performs a specialty lab test for local companies for $ 46 per test. For the ­upcoming quarter, Rossdale Labs is projecting the following sales:


The budgeted cost of performing each test is $ 18. Operating expenses are projected to be $ 62,000 in January, $ 56,000 in February, and $ 59,000 in March. Rossdale Labs is sub-ject to a corporate tax rate of 30%. Requirement Prepare a budgeted income statement for the first quarter, with a column for each month and for the quarter intotal.


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  • CreatedAugust 27, 2014
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