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Author Question: Advanced Enterprises reports year-end information from 2018 as follows: Sales (160,750 ... (Read 130 times)

misspop

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on: Mar 6, 2021
Advanced Enterprises reports year-end information from 2018 as follows:

Sales (160,750 units)$965,000
Cost of goods sold 643,000
Gross margin322,000
Operating expenses267,000
Operating income$55,000

Advanced is developing the 2019 budget. In 2019 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume of 9%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost.

What is budgeted cost of goods sold for 2019?
◦ $723,375
◦ $585,130
◦ $700,870
◦ $643,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by misspop on Mar 6, 2021

mcni194

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Reply #1 on: Mar 6, 2021
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misspop

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Reply 2 on: Mar 6, 2021
Wow, this really help

duy1981999

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

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