This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income ... (Read 111 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
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) $1,010,000
Less: Cost of goods sold    690,000
Gross margin320,000
Operating expenses 400,000
 (includes $55,000 of fixed costs)
Operating income -$80,000

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

What is the budgeted operating income for March 2018?
◦ -$18,100
◦ $396,550
◦ -$59,403
◦ $683,100
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jerry coleman on Mar 6, 2021

atrochim

  • Sr. Member
  • ****
  • Posts: 331
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.
Answer Preview
Only 50% of students answer this correctly


jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Mar 6, 2021
:D TYSM

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Bill Viola, Room for St. John of the Cross. Bill Viola, Room for St. John of the Cross.
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library