***************B) Prepare a budgeted income statement for 2012****************************

Exercise 9-13 (Part Level Submission) Fultz Company has accumulated the following budget data for the year 2017. 1. Sales: 31,230 units, unit selling price $88. 2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,400 pounds; ending, 15,210 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000. 5. Income taxes: 30% of income before income taxes. y? (a) Prepare a schedule showing the computation of cost of goods sold for 2017. Cost of one unit of finished goods