Question: 10) Using revised budget amounts where appropriate, complete the revised Budgeted Income Statement below. Include amounts in the light blue cells. ZIGBY MANUFACTURING Revised Budgeted
10) Using revised budget amounts where appropriate, complete the revised Budgeted Income Statement below. Include amounts in the light blue cells. ZIGBY MANUFACTURING Revised Budgeted Income Statement For Three Months Ended June 30, 2019 Sales Cost of goods sold Gross profit Sales commissions Sales salaries General administrative salaries Long-term note interest Bank loan interest expense Total operating expenses Income before taxes Income tax Net income Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted income statement for the entire second quarter (not for each month separately). (Round your final answers to the nearest whole dollar.) $1,617,200 1,312,420 304,780 ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Sales commissions $ 161,720 Sales salaries 14,400 General administrative salaries 90,000 Long-term note interest 12,600 Bank loan interest expense 300 Total operating expenses Income before taxes Income tax Net income 279,020 25,760 10,304 15,456 >> $ 10) Using revised budget amounts where appropriate, complete the revised Budgeted Income Statement below. Include amounts in the light blue cells. ZIGBY MANUFACTURING Revised Budgeted Income Statement For Three Months Ended June 30, 2019 Sales Cost of goods sold Gross profit Sales commissions Sales salaries General administrative salaries Long-term note interest Bank loan interest expense Total operating expenses Income before taxes Income tax Net income Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted income statement for the entire second quarter (not for each month separately). (Round your final answers to the nearest whole dollar.) $1,617,200 1,312,420 304,780 ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Sales commissions $ 161,720 Sales salaries 14,400 General administrative salaries 90,000 Long-term note interest 12,600 Bank loan interest expense 300 Total operating expenses Income before taxes Income tax Net income 279,020 25,760 10,304 15,456 >> $
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