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Author Question: Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income ... (Read 259 times)

Coya19@aol.com

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on: Mar 6, 2021

Question 1

Kaizen refers to incorporating cost reductions ________.
◦ in each successive budgeting period
◦ in each successive sales forecast
◦ in all customer service centers
◦ in all areas of the organization

Question 2

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) $1,080,000
Less: Cost of goods sold    650,000
Gross margin430,000
Operating expenses 330,000
 (includes $60,000 of fixed costs)
Operating income $100,000

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

What is budgeted cost of goods sold for March 2018?
◦ $637,065
◦ $656,500
◦ $650,000
◦ $643,500
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Coya19@aol.com on Mar 6, 2021

Expo

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Reply #1 on: Mar 6, 2021
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Coya19@aol.com

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

ghepp

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

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