Can you make an Profit and loss(Income statement). for this given information please do not provide solution in image format thank you! Double Bubble Inc company is engaged into production of metal jewelry - «Gold» and «Silver»>. Thedata below is for running of business:1. Management had decided with the sales for the upcoming period: Gold-2500 units per 920 $ andSilver-500 units per 980 $.2. Expected inventory stock for the end of the: Gold-20% of the sales volume; Silver-10% of the salesvolume.Silver14kg11,55. Management considers the required stock of materials for the end of the period. AA - 12% ofproduction need; BB - 15% of production need; CC-10% of production need.6. Average cost per 1 hour of preparatory operations-20 $, 1 hour of main operations-30 p$; 1 hourof completion operations - 10 S.7. Required labor per unit:Operations1)3. Expected cost for materials: AA-35 $ per kg; BB-25 $ per kg; CC-10 $ per kg.4. Consumption of materials per unit:Material2)AABBCCPreparatoryMainMeasureHoursHoursHoursCompletion8. The company plans the following expenses: 1)general production, 2)administrative and selling:№o10123Electricity of equipment4Materials for repair purposes5Equipment depreciation6 Workshop depreciation789No123456Tools and applicationsSalaries of repairmen and fittersTotalIntra-plant movement of goodsSalary of foremenWorkshop lighting and electricityTitleTitleAdmin and managers salaryEmployee's salaryMaintenance of admin officeDepreciation of admin officeOther admin expensesTotalIndicatorsTo the start of theperiod, kgCost, SIndicatorsMeasurekgkgBeginning stock, in unitsCost in $AA528MaterialsBBGold2384018 48021 00012. Availability of readymade production stock for the start of the period:Unit titleGold162Gold400284 8009. The ready-made production estimated on the base of average weighted method.10. Company calculates the cost of production on the base of direct-costing. General production costsdistributed based on proportion to direct labor costs (83%:17%). Admin and selling expenses are written toprofit and loss.11. Availability of materials for the start of the period:$Silver17284 000145 00045 0009 00048 000115 00015 05095 00060 000616 050$74 00041 00046 000135 00080 400376 400CC4504 500Silver10075 050

Budgeting is referred to as the estimation of revenue and expenses over a period of time, budgeting…

Double Bubble Inc company is engaged into production of metal jewelry - «Gold» and «Silver»>. The data below is for running of business: 1. Management had decided with the sales for the upcoming period: Gold-2500 units per 920 $ and Silver-500 units per 980 S. 2. Expected inventory stock for the end of the: Gold-20% of the sales volume; Silver-10% of the sales volume. 3. Expected cost for materials: AA-35 $ per kg; BB-25 $ per kg; CC-10 $ per kg. 4. Consumption of materials per unit: Material 1) Silver 1 4 kg 1 1,5 5. Management considers the required stock of materials for the end of the period. AA - 12% of production need; BB-15% of production need; CC-10% of production need. 6. Average cost per 1 hour of preparatory operations-20 S, 1 hour of main operations -30 p$; 1 hour of completion operations - 10 S. 7. Required labor per unit: Operations 2) AA BB CC Preparatory Main No 1 Tools and applications 2 3 4 5 6 7 8 9 Measure Hours Hours Completion Hours 8. The company plans the following expenses: 1)general production, 2)administrative and selling: 10 Total No Title Admin and managers salary Employee's salary 3 Maintenance of admin office 4 Depreciation of admin office Other admin expenses 5 1 2 6 Salaries of repairmen and fitters Electricity of equipment Materials for repair purposes Equipment depreciation Workshop depreciation Intra-plant movement of goods Salary of foremen Workshop lighting and electricity Total Title Indicators To the start of the period, kg Cost, S Measure kg kg Indicators Beginning stock, in units Cost in $ AA 528 Gold 2 3 Materials BB 840 Gold 1 6 2 18 480 21 000 12. Availability of readymade production stock for the start of the period: Unit title Gold 400 284 800 S 9. The ready-made production estimated on the base of average weighted method. 10. Company calculates the cost of production on the base of direct-costing. General production costs distributed based on proportion to direct labor costs (83%:17%). Admin and selling expenses are written to profit and loss. 11. Availability of materials for the start of the period: Silver 1 7 2 84 000 145 000 45 000 9 000 48 000 115 000 15 050 95 000 60 000 616 050 $ 74 000 41 000 46 000 135 000 80 400 376 400 CC 450 4 500 Silver 100 75 050