Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on how to prepare an income statement format...


Financial information for BDS Enterprises for the year-ended December 31, 20xx, was<br>gathered from an accounting intern, who has asked for your guidance on how to prepare<br>an income statement format that will be distributed to management. Subtotals and<br>totals are included in the information, but you will need to calculate the values.<br>Pretax income<br>?<br>Gross profit<br>?<br>Allocated costs (uncontrollable)<br>$2,040<br>Labor expense<br>41,570<br>Sales<br>188,000<br>Research and development (uncontrollable)<br>315<br>Depreciation expense<br>18,000<br>Net income/(loss)<br>?<br>Cost of goods sold<br>118,440<br>Selling expense<br>1,250<br>Total expenses<br>Marketing costs (uncontrollable)<br>780<br>Administrative expense<br>690<br>Income tax expense (21% of pretax income)<br>?<br>Other expenses<br>320<br>A. Prepare the income statement to include all costs, but separate out uncontrollable<br>costs using the above information. Round your answers to the nearest dollar.<br>BDS Enterprises<br>Income Statement<br>For the Year Ended December 31, 20xx<br>Controllable Expenses:<br>Total Controllable Expenses<br>Uncontrollable Expenses:<br>Total Uncontrollable Expenses<br>Total Expenses<br>$<br>

Extracted text: Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on how to prepare an income statement format that will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values. Pretax income ? Gross profit ? Allocated costs (uncontrollable) $2,040 Labor expense 41,570 Sales 188,000 Research and development (uncontrollable) 315 Depreciation expense 18,000 Net income/(loss) ? Cost of goods sold 118,440 Selling expense 1,250 Total expenses Marketing costs (uncontrollable) 780 Administrative expense 690 Income tax expense (21% of pretax income) ? Other expenses 320 A. Prepare the income statement to include all costs, but separate out uncontrollable costs using the above information. Round your answers to the nearest dollar. BDS Enterprises Income Statement For the Year Ended December 31, 20xx Controllable Expenses: Total Controllable Expenses Uncontrollable Expenses: Total Uncontrollable Expenses Total Expenses $

Jun 04, 2022
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