Author Question: Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income ... (Read 195 times)

Coya19@aol.com · **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 margin

430,000

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

Expo · **Reply #1 on:** Mar 6, 2021

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