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Author Question: Advanced Enterprises reports year-end information from 2018 as follows: Sales (160,750 ... (Read 109 times)

misspop

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on: Mar 6, 2021
Advanced Enterprises reports year-end information from 2018 as follows:

Sales (160,750 units)$965,000
Cost of goods sold 643,000
Gross margin322,000
Operating expenses267,000
Operating income$55,000

Advanced is developing the 2019 budget. In 2019 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume of 9%. 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?
◦ $723,375
◦ $585,130
◦ $700,870
◦ $643,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by misspop on Mar 6, 2021

mcni194

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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.
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misspop

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Reply 2 on: Mar 6, 2021
Wow, this really help

adammoses97

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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