Question: The company you work for has asked you to develop a projected income statement for next year. They have given you the following data.

The company you work for has asked you to develop a projected

The company you work for has asked you to develop a projected income statement for next year. They have given you the following data. Income tax rate is 28%. Projected Sales information for the 5 parts sold this year Part number Projected 2021 sales (units) DE443 FE876 WE298 FP006 RF129 Fixed costs 20000 10000 5000 15000 80000 Projected Sales Price (S/unit) Rent: $2.500/month Other operating Costs $40000/year 15 28 60 30 5 Insurance: $2000/month Non-Direct Labor salary $500,000/year (cost to the company) Projected Raw Material Costs per unit (S/unit) 5 12 40 10 2 Projected Variable Labor costs (S/unit) 3 2 5 5 1

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