Question

Value Products has prepared the following budgets for the second half of 2013 Revenue budget $360,000...

Value Products has prepared the following budgets for the second half of 2013

Revenue budget

$360,000

Materials purchases budget

130,000

Labor budget

45,000

F/OH budget

60,000

G&A expenses budget

62,000

Selling expenses budget

13,000

FG beginning inventory budget

55,000

FG ending inventory budget

50,000

WIP beginning inventory budget

42,000

WIP ending inventory budget

33,000

Determine Value Products' budgeted Net Income for this period (Ignore taxes)

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