Wilson and Hyde Inc, based in Seattle, Washington, operates on the cash basis. It has the...

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Wilson and Hyde Inc, based in Seattle, Washington, operates on the cash basis. It has the following information for the year ending June 2019 (year 1): Revenues (250,000 units) $4.980,000 Manufacturing Costs Materials $780,000 Variable Cash Costs $840,000 Fixed Cash costs $340,000 Depreciation (fixed) $475,000 Marketing & administrative Costs: Marketing (variable) $520,000 Marketing depreclation Administrative (fixed) $117,000 $490,000 Administrative depreciation $50,000 Total Costs $3.612.000 Operating profits $1.368,000 Depreciation charges are fxed and should remain the same for year 2. Sales volume is expected to increase by 11%, and selling prices are expected to increase by 6%. Material costs per unit are expected to increase by 7%. Other unit varíable manufacturing costs are expected to increase by 12% per unit. Fixed manufacturing costs (besides depreciation) are expected to increase by 8%. Variable marketing costs per unit will remain constant. Administrative costs (other than depreclation) are expected to increase by 15%. Assume there are no inventories. A budgeted income statement for June 2020 will show an approximate income (loss) of: $1,738.874 $1,991,368 $2.633.368 $2.380.874 Wilson and Hyde Inc, based in Seattle, Washington, operates on the cash basis. It has the following information for the year ending June 2019 (year 1): Revenues (250,000 units) $4.980,000 Manufacturing Costs Materials $780,000 Variable Cash Costs $840,000 Fixed Cash costs $340,000 Depreciation (fixed) $475,000 Marketing & administrative Costs: Marketing (variable) $520,000 Marketing depreclation Administrative (fixed) $117,000 $490,000 Administrative depreciation $50,000 Total Costs $3.612.000 Operating profits $1.368,000 Depreciation charges are fxed and should remain the same for year 2. Sales volume is expected to increase by 11%, and selling prices are expected to increase by 6%. Material costs per unit are expected to increase by 7%. Other unit varíable manufacturing costs are expected to increase by 12% per unit. Fixed manufacturing costs (besides depreciation) are expected to increase by 8%. Variable marketing costs per unit will remain constant. Administrative costs (other than depreclation) are expected to increase by 15%. Assume there are no inventories. A budgeted income statement for June 2020 will show an approximate income (loss) of: $1,738.874 $1,991,368 $2.633.368 $2.380.874

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Income Statement for June 2020 Particular Amount A... View the full answer