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Prepare Miriam's Budgeted Income Statement for the 20X2 Year Based

Question 21

Essay

Prepare Miriam's Budgeted Income Statement for the 20X2 year based on the following:
• sales units are expected to be 16,000
• sales price will increase by 10% on the 20X1 year's budget,as will other direct expenses related to sales - Cost of sales,Delivery out,Packaging and Sales bonuses
• a new rent agreement comes into force which will increase the rent by 4% on the 20X1 actual amount
• telephone and internet are expected to be 20% lower than the 20X1 budget.
Prepare Miriam's Budgeted Income Statement for the 20X2 year based on the following: • sales units are expected to be 16,000 • sales price will increase by 10% on the 20X1 year's budget,as will other direct expenses related to sales - Cost of sales,Delivery out,Packaging and Sales bonuses • a new rent agreement comes into force which will increase the rent by 4% on the 20X1 actual amount • telephone and internet are expected to be 20% lower than the 20X1 budget.

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