<u>Explanation:</u>
Been the IT director at Attaway Airlines, it will be important to prepare a draft of the advantages and the level of difficulties the new computerized reservation system from an IT perspective.
However, the ultimate goal is not to simply win arguments, but to explain and consider the facts from both the Vice president of finance and the Marketing Manager.
Direct materials and direct labor are each manufacturing prices.
Production is the production of goods through the use of labor, machinery, equipment, and biological or chemical processing or components.
As an example, bakeries, sweet stores, and custom tailors are taken into consideration in manufacturing, because they invent merchandise out of additives. alternatively, logging and mining are not considered production, because they do not change the best into a brand new product.
Production of goods in big quantities after processing from raw materials to more treasured merchandise is referred to as production. example: Paper is a product of wood, sugar from sugarcane, iron and metallic from iron ore, and aluminum from bauxite. number one goods are manufactured and emerge as completed goods.
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Answer:
The budgeted net income for 2018 is : $195,300
Explanation:
Prepare the budgeted income statement for 2018 as follows :
Sales $760,000
Less Cost of Sales ($760,000 × 40%) ($304,000)
Gross Profit $456,000
Less Expenses :
Selling Expenses ($84,000)
General and administrative ($93,000)
Net Income before tax $279,000
Income tax expense ($279,000 × 30%) ($83,700)
Net Income for the year $195,300
Conclusion :
The budgeted net income for 2018 is : $195,300
