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Author Question: The following information pertains to the January operating budget for Murphy Corporation, a ... (Read 55 times)

KimWrice

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on: Mar 6, 2021
The following information pertains to the January operating budget for Murphy Corporation, a retailer:

 Budgeted sales are $208,000 for January
 Collections of sales are 60% in the month of sale and 40% the next month
 Cost of goods sold averages 64% of sales
 Merchandise purchases total $154,000 in January
 Marketing costs are $3,600 each month
 Distribution costs are $5,000 each month
 Administrative costs are $10,500 each month

For January, budgeted gross margin is ________.
◦ $124,800
◦ $133,120
◦ $74,880
◦ $54,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by KimWrice on Mar 6, 2021

fraziera112

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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KimWrice

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Reply 2 on: Mar 6, 2021
Excellent

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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