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Author Question: Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income ... (Read 160 times)

bucstennis@aim.com

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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
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Marked as best answer by bucstennis@aim.com on Mar 6, 2021

Carliemb17

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Reply #1 on: Mar 6, 2021
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bucstennis@aim.com

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

at

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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