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Author Question: Violet Sales Corp, reports the year-end information from 2019 as follows: Sales (35,500 ... (Read 252 times)

cookcarl

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on: Mar 6, 2021
Violet Sales Corp, reports the year-end information from 2019 as follows:

Sales (35,500 units)$284,000
Cost of goods sold105,000
Gross margin179,000
Operating expenses  152,000
Operating income$27,000

Violet is developing the 2019 budget. In 2019 the company would like to increase selling prices by 3.5%, and as a result expects a decrease in sales volume of 14%. 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 sales for 2019? (Round interim calculations to the nearest cent and the final answer to the nearest dollar.)
◦ $293,940
◦ $252,788
◦ $335,092
◦ $284,001
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by cookcarl on Mar 6, 2021

Anna

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Reply #1 on: Mar 6, 2021
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cookcarl

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

recede

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Reply 3 on: Yesterday
Wow, this really help

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