can you do Januray, Februay, March and total please Homework: Chapter 22 Homewor
ID: 2566852 • Letter: C
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can you do Januray, Februay, March and total please
Homework: Chapter 22 Homework Score: 34 at 4 pts %P22A-52B (similar to) HW Score: 3B 98%, 34 ot 6 pts Question Help EE aick the lon to view th budgeted incana state mart ) crease he cost o goods sold to 15% but better product t the same sales pnco. The ma sdng manage pro ects c her option oa s cons de ng two opdons ption 1 : to ncreasc e zing by $700 per mon h ption 2to usc beter quality mancna s n the manufacturing process. The better matena s vt Raad tha requiramants Raquirement 1. Praparbugatad incmastatments for beth opiaaluming January salea ramain 5 cu0 prowde Bein by prepsring the bucgeted income statement for Option 1. (Round al amounts to the nearest whole number.) Data Table Soya Company Budgeled Income Stulement For the Quarter Ended March 31, 2010 Suya Compeny Budgeted Income Statement JaryFabnary the Qtar Foded March 31, 2016 Sales Havanu March Tutal Cost at Goods Solk 7,200 s 720 6,480 (20% increyse.py.mon"i] 5,000$ .700 800 240 6,000 $ 600 5,400 18,200 020 16,380 ,320 7,000 s and A FxpAnaRs Operating Income Gross Prot Snd A Expenses Operaing ncome Income Tax Expense Net Incoms 4,500 ($2,500 + 10%of Kales) 1,500 2,300 3,260 130% of operatng ncome) 1,050 3 610 5 2,282 S 4,942 Print Done 1. Prepare budgcted income saments for bothotinsuming Jaary 2. Vhich option should Soya choExpain your reasoning. rint Danc Enter any number in the edr felds and Clear Al Check AnswerExplanation / Answer
Option - 1 Soya Company Budgeted Income Statement for the Quarter Ended March 31, 2016 January February March Total Sales 5,000 6,250 7,813 19,063 Cost of Goods Sold 500 625 781 1,906 Gross Profit 4,500 5,625 7,031 17,156 S and A Expenses 3,700 3,825 3,981 11,506 Operating Income 800 1,800 3,050 5,650 Income Tax Expense 240 540 915 1,695 Net Income 560 1,260 2,135 3,955 Option - 2 Soya Company Budgeted Income Statement for the Quarter Ended March 31, 2016 January February March Total Sales 5,000 6,250 7,813 19,063 Cost of Goods Sold 750 938 1,172 2,859 Gross Profit 4,250 5,313 6,641 16,203 S and A Expenses 3,000 3,125 3,281 9,406 Operating Income 1,250 2,188 3,359 6,797 Income Tax Expense 375 656 1,008 2,039 Net Income 875 1,531 2,352 4,758 Note : Soya Company will be able to generate Net Income $ 3,955 through Option 1 Soya Company will be able to generate Net Income $ 4,758 through Option 2 Hence Soya Company can chose Option - 2
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