This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Allscott Company is developing its budgets for 2019 and, for the first time, will use the kaizen ... (Read 18 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Mar 6, 2021

Question 1

Variances that are calculated frequently and in a timely manner can provide early warnings to management so corrective action can be taken.
◦ true
◦ false

Question 2

Allscott Company is developing its budgets for 2019 and, for the first time, will use the kaizen approach. The initial 2019 income statement, based on static data from 2018, is as follows: 

Sales (140,000 units)$420,000
Less: Cost of goods sold280,000
Gross margin140,000
Operating expenses (includes $28,000 of depreciation)112,000
Net income$28,000

Selling prices for 2019 are expected to increase by 8%, and sales volume in units will decrease by 10%. The cost of goods sold as estimated by the kaizen approach will decline by 10% per unit. Other than depreciation, all other operating costs are expected to decline by 5%. 

Required: 
Prepare a kaizen-based budgeted income statement for 2019.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by stephzh on Mar 6, 2021

anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
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.
Answer Preview
Only 25% of students answer this correctly


stephzh

  • Member
  • Posts: 556
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Meal Time Meal Time
The Serial Reaction Time Task The Serial Reaction Time Task
A clock is showing the time as exactly 3:00 p.m. and 25 s. A clock is showing the time as exactly 3:00 p.m. and 25 s.
The time spent in each interval of one complete cell cycle of a human cell in culture The time spent in each interval of one complete cell cycle of a human cell in culture
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Surtsey, a volcanic island, during the time of its formation. Surtsey, a volcanic island, during the time of its formation.
Video: Bipolar Disorder

For a complete list of videos, visit our video library