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Thurman Company prepared the following budgeted income statement for 2025: (Click the icon to view the budgeted income statement.) Read the requirements. Requirement 1. Prepare a budgeted income statement with columns for 1,200 units, 1,400 units, and 1,600 units sold. Thurman Company Budgeted Income Statement For the Year Ended December 31, 2025 1,200 1,400 Unit sales Sales Revenue Cost of Goods Sold Gross Profit Selling and Administrative Expenses Operating Income Requirement 2. How might managers use this type of budgeted income statement? 1,600 Technology, such as Excel spreadhseet software, makes it more costs are likely to affect they can The budgeted income statement prepared in Requirement 1 is a Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? budget. It allows Thurman's managers to plan for to conduct sales level(s). and prepare a company's if key assumptions turn out to be wrong. Data table Thurman Company Budgeted Income Statement For the Year Ended December 31, 2025 Unit sales Sales Revenue ($650 per unit) Cost of Goods Sold (50% of sales) Gross Profit Selling and Administrative Expenses (30% of sales) Operating Income Print Done $ $ - X - 1,400 910,000 455,000 455,000 273,000 182,000 If managers have a better understanding of how changes in sales volume and
The budgeted income statement prepared in Requirement 1 is a Requirement 3. How might spreadsheet software such as Excel Technology, such as Excel spreadhseet software, makes it more costs are likely to affect ▼, they can budget. It allows Thurman's managers to plan for f analysis? flexible static to conduct sales level(s). and prepare a company's if key assumptions turn out to be wrong. If managers have a better understanding of how changes in sales volume and
budget. It allows Thurman's managers to plan for The budgeted income statement prepared in Requirement 1 is a Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more costs are likely to affect they can to conduct if key assumptions turn out to be sales level(s). only a single various iny's If managers have a better understanding of how changes in sales volume and
Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more ▼to conduct costs are likely to affect they can cost-effective time-consuming and prepare a company's key assumptions turn out to be wrong. If managers have a better understanding of how changes in sales volume and
Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more costs are likely to affect they can to conduct ▼if ke and prepare a company's financial statement analysis sensitivity or "what-if" analysis If managers have a better understanding of how changes in sales volume and
Requirement 3. How might spreadsheet software such as Excel assist in this type of analysis? Technology, such as Excel spreadhseet software, makes it more costs are likely to affect they can to conduct if key assumptions turn out to be wrong. maintain the same course of action and prepare a company's react quickly and make changes If managers have a better understanding of how changes in sales volume and