Sound Beginnings manufactures hearing aid devices For January Sound Beginnings
Sound Beginnings manufactures hearing aid devices. For January, Sound Beginnings expects to sell 600 hearing aid devices at an average price of $2,300 per unit. Sound Beginnings’ average manufacturing cost of each unit sold is $1,400. Variable operating expenses for Sound Beginnings will be $1.50 per unit sold and fixed operating expenses are expected to be $7,500 for the month. Monthly interest expense is $3,700. Sound Beginnings has a tax rate of 30% of income before taxes. Prepare Sound Beginnings’ budgeted income statement for January.
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