Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Sales in units 285,000
Selling price $17
Direct materials $143,000
Direct labor $503,000
Manufacturing overhead $110,000
Selling expense $439,000
Administrative expense $860,000
A) Sales revenue= 285,000 units* $17= $4,845,000
B) Income statement:
Sales revenue= 4,845,000
COGS= (DM + DL + Overhead)= (756,000)
Gross profit= 4,089,000
Selling expense= (439,000)
Administrative expense= (860,000)
Net operating income= 2,790,000
