Based on the following, create a flexible budget. You must show and label your work for credit. Units budgeted to be sold 10,000
Selling price per unit $20
Variable product cost per unit $8
Other variable costs as a % of sales dollars 30%
Total Fixed Expenses per month $45,000

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share