Question $\backslash$#$225$ Points

Portable Camping Table Manufacturing Company accumulated the following budget data for the year $2023$:

$1.$ Sales: $6,500$ units, unit selling price $\backslash (\backslash$$ $295\mathrm{.}00\backslash )$

$2.$ Cost of one unit of finished goods: Direct materials $20$ feet at $\backslash (\backslash$$ $3\mathrm{.}25\backslash )$ per foot, direct labor $4\mathrm{.}25$ hours at $\backslash (\backslash$$ $24\mathrm{.}00\backslash )$ per hour, and manufacturing overhead $\backslash (\backslash$$ $4\mathrm{.}00\backslash )$ per direct labor hour.

$3.$ Selling and administrative expenses: $\backslash (\backslash$$ $43,250\backslash ).$

$4.$ Income taxes: $\backslash (25\backslash \%\backslash )$ of income before income taxes.

Required:

$($a$)$ Prepare a detailed schedule showing the computation of cost of goods sold for $2023.$

$($b$)$ Prepare a budgeted income statement in proper form for $2023.$