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Author Question: Violet Sales Corp, reports the year-end information from 2019 as follows: Sales ($35,625 ... (Read 95 times)

Brittanyd9008

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

Sales ($35,625 units)285,000
Cost of goods sold106,000
Gross margin179,000
Operating expenses  158,000
Operating income21,000

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 cost of goods sold for 2019?
◦ $91,160
◦ $109,710
◦ $14,840
◦ $253,679
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Brittanyd9008 on Mar 6, 2021

popopong

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Reply #1 on: Mar 6, 2021
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Brittanyd9008

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

scottmt

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Reply 3 on: Yesterday
Wow, this really help

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