P 2. Bertha\'s Bathworks produces hair and bath products. Its biggest customer i

ID: 2384914 • Letter: P

Question

P 2. Bertha's Bathworks produces hair and bath products. Its biggest customer is a national retail chain that specializes in such products. Bertha Jackson, the owner of Bertha's Bathworks, would like to have an estimate of the company's net income in the coming year.

Required

Project Bertha's Bathworks' net income next year by completing the operating budgets and budgeted income statement that follow.

Sales Budget:

P 2. Bertha's Bathworks produces hair and bath products. Its biggest customer is a national retail chain that specializes in such products. Bertha Jackson, the owner of Bertha's Bathworks, would like to have an estimate of the company's net income in the coming year. Required Project Bertha's Bathworks' net income next year by completing the operating budgets and budgeted income statement that follow. Sales Budget:

Explanation / Answer

Sales Budget

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Year

Sales in units

4000

3000

5000

17000

X selling price per unit

Total sales

20,000

15,000

25,000

85,000