Author Question: Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income ... (Read 109 times)

jerry coleman · **on:** Mar 6, 2021

Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income statement for January 2018 is as follows:

Sales (168,000 units)

$1,010,000

Less: Cost of goods sold

690,000

Gross margin

320,000

Operating expenses

400,000

(includes $55,000 of fixed costs)

Operating income

-$80,000

Under the kaizen approach, cost of goods sold and variable operating expenses are budgeted to decline by 1% per month.

What is the budgeted operating income for March 2018?
◦ -$18,100
◦ $396,550
◦ -$59,403
◦ $683,100

atrochim · **Reply #1 on:** Mar 6, 2021

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