Preparing a Comprehensive Budget
Bathworks produces hair and bath products. Bathworks' owner would like to have an estimate of the company's net income in the coming year.
In computations, round per unit amounts to two decimal places, when required. Round final answers to the nearest whole number.
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.