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

Author Question: Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income ... (Read 127 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
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) $1,060,000
Less: Cost of goods sold    620,000
Gross margin440,000
Operating expenses 390,000
 (includes $60,000 of fixed costs)
Operating income $50,000

Under the kaizen approach, cost of goods sold and variable operating expenses are budgeted to decline by 3% per month.

What is budgeted gross margin for March 2018?
◦ $413,996
◦ $426,800
◦ $466,796
◦ $476,642
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 bucstennis@aim.com on Mar 6, 2021

Carliemb17

  • Sr. Member
  • ****
  • Posts: 325
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 50% of students answer this correctly


bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

John Muir John Muir
In this painting evangelist George Whitefield appears to be cross-eyed. This is no fault of John Wol In this painting evangelist George Whitefield appears to be cross-eyed. This is no fault of John Wol
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Vial Washing System - Risk Based Approach Vial Washing System - Risk Based Approach
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Biology Forums Promotional Flyer (2018) Biology Forums Promotional Flyer (2018)
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library