The Company reports year-end information from 2022 as follows: Sales (161,000 units) $961,000 Cost of goods...

 

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The Company reports year-end information from 2022 as follows: Sales (161,000 units) $961,000 Cost of goods sold 644.000 Gross margin 317,000 Operating expenses 264.000 Operating income $53,000 The Company is developing the 2023 budget. In 2023 the company would like to increase selling prices by 13.5%, and as a result expects a decrease in sales volume of 9%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2023? The Company reports year-end information from 2022 as follows: Sales (161,000 units) $961,000 Cost of goods sold 644.000 Gross margin 317,000 Operating expenses 264.000 Operating income $53,000 The Company is developing the 2023 budget. In 2023 the company would like to increase selling prices by 13.5%, and as a result expects a decrease in sales volume of 9%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2023?

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