ACC 310 Budgeted Income Statement

A comprehensive analysis of a budgeted income statement and its role in financial planning.

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STATEMENT1ACC 310 Budgeted Income StatementUsing the information provided, prepare a budgeted income statement for Year 2, reflecting thechanges in revenues, manufacturing costs, and marketing and administrative expenses. Includeallcalculations and assumptions used in preparing the statement. Discuss the key factorscontributing to the operating profit in Year 2. Your response should be no less than 300 words.

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