Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $50.00 Direct labor 30.00 Factory overhead $350,000 6.00 Selling expenses: Sales salaries and commissions 340,000 4.00 Advertising 116,000 Travel 4,000 Miscellaneous selling expense 2,300 1.00 Administrative expenses: Office and officers' salaries 325,000 Supplies 6,000 4.00 Miscellaneous administrative expense 8,700 1.00 Total $1,152,000 $96.00 Et is expected that 12,000 units will be sold at a price of $240 a unit. Maximum sales within the relevant range are 18,000 units. Required: 1. Prepare an estimated income statement for 20Y7.

Question
Please answer missing parts. Sales salaries and commissions, Miscellaneous selling expense, Total selling expense, Supplies, Miscellaneous administrative expense, Total administrative expenses, Total expenses, and Income from operations. Thx
Estimated
Estimated Variable Cost
Fixed Cost
(per unit sold)
Production costs:
Direct materials
$50.00
Direct labor
30.00
Factory overhead
$350,000
6.00
Selling expenses:
Sales salaries and commissions
340,000
4.00
Advertising
116,000
Travel
4,000
Miscellaneous selling expense
2,300
1.00
Administrative expenses:
Office and officers' salaries
325,000
Supplies
6,000
4.00
Miscellaneous administrative expense
8,700
1.00
Total
$1,152,000
$96.00
Et is expected that 12,000 units will be sold at a price of $240 a unit. Maximum sales within the relevant range are
18,000 units.
Required:
1. Prepare an estimated income statement for 20Y7.
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Transcribed Image Text

Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $50.00 Direct labor 30.00 Factory overhead $350,000 6.00 Selling expenses: Sales salaries and commissions 340,000 4.00 Advertising 116,000 Travel 4,000 Miscellaneous selling expense 2,300 1.00 Administrative expenses: Office and officers' salaries 325,000 Supplies 6,000 4.00 Miscellaneous administrative expense 8,700 1.00 Total $1,152,000 $96.00 Et is expected that 12,000 units will be sold at a price of $240 a unit. Maximum sales within the relevant range are 18,000 units. Required: 1. Prepare an estimated income statement for 20Y7.

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