Question: Help needed please I. Barrett Company has completed all operating budgets other the income statement for 2017. Selected data from these budgets follows. Sales revenue:

I. Barrett Company has completed all operating budgets other the income statement for 2017. Selected data from these budgets follows. Sales revenue: $300,000 Purchases of raw materials: $145,000 Ending inventory of raw materials: $15,000 Direct labor: $40,000 Interest expense: $1,000 Principal payment on note: $2,000 Dividends declared: $2,000 Income tax rate: 30% Manufacturing overhead: $73,000, including $3,000 of depreciation expense Selling and administrative expenses: $36,000 including depreciation expenses of $1,000 Other information: Assume that the number of units produced equals the number sold. Tear-end accounts receivable: 4% of 2017 sales. Year-end accounts payable: 50% of ending inventory of raw materials. Interest, direct labor, manufacturing overhead, and selling and administrative expenses other than depreciation are paid as incurred. Dividends declared and income taxes for 2017 will no In: (a (b (c)
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