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Author Question: Steve Corporation is using the kaizen approach to budgeting for 2018. The budgeted income statement ... (Read 115 times)

cartlidgeashley

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on: Mar 6, 2021

Question 1

How is budgeting for a multinational corporation different than budgeting for a corporation that is strictly domestic?

Question 2

Steve Corporation is using the kaizen approach to budgeting for 2018. The budgeted income statement for January 2018 is as follows: 

Sales (240,000 units)$360,000
Less: Cost of goods sold240,000
Gross margin120,000
Operating expenses (includes $32,000 of fixed costs)96,000
Net income$ 24,000

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

Required: 
Prepare a kaizen-based budgeted income statement for March of 2018.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by cartlidgeashley on Mar 6, 2021

tsternbergh47

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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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cartlidgeashley

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Reply 2 on: Mar 6, 2021
:D TYSM

Missbam101

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

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