The Bottled Water Company has been bottling and selling water
The Bottled Water Company has been bottling and selling water since 1940. Ginnie Adams, the current owner of The Bottled Water Company, would like to know how a new product would affect the company’s net income in the coming year.

Required
Calculate The Bottled Water Company’s net income for the new product in the coming year by completing the operating budgets and budgeted income statement that follow.
1. Sales Budget:


2. Production Budget:


3. Direct Materials Purchases Budget:


4. Direct Labor Budget:


5. Overhead Budget:


6. Selling and Administrative Expense Budget:


7. Cost of Goods Manufactured Budget:


8. Budgeted IncomeStatement:


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