(Solved) : Bathworks Produces Hair And Bath Products Bathworks Owner Would Like . . .

Bathworks produces hair and bath products. Bathworks’ owner would like to have an estimate of the company’s net income in the coming year.

Required
Project Bathworks’s net income next year by completing the operating budgets and budgeted income statement that follows. Assume that the selling price will remain constant.
1. Sales budget:

Bathworks produces hair and bath products. Bathworks’ owner would like

2. Production budget:

Bathworks produces hair and bath products. Bathworks’ owner would like

aDesired units of ending finished goods inventory 5 10% of next quarter’s budgeted sales.
bDesired units of beginning finished goods inventory 5 10% of current quarter’s budgeted sales.
3. Direct materials purchases budget:

Bathworks produces hair and bath products. Bathworks’ owner would like

4. Direct labor budget:

Bathworks produces hair and bath products. Bathworks’ owner would like

5. Overhead budget:

Bathworks produces hair and bath products. Bathworks’ owner would like

6. Selling and administrative expenses budget:

Bathworks produces hair and bath products. Bathworks’ owner would like

7. Cost of goods manufactured budget:
Bathworks
Cost of Goods Manufactured Budget
For the Year Ended December 31

Bathworks produces hair and bath products. Bathworks’ owner would like

8. Budgeted incomestatement:

 

Expert Answer


. . .