Violet Sales Corp conveys the year-end information for 2019 as follows: Sales (35,500 units) 284.000 $ cost
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Question:
Violet Sales Corp conveys the year-end information for 2019 as follows:
Sales (35,500 units) | 284.000 $ |
cost of goods sold | 105.000 |
gross margin | 179.000 |
operating expenses | 152.000 |
Operating income | 27.000 $ |
Violet develops its 2019 budget. In 2019, the company wants to increase its sales prices by 3.5% and expects a 14% decrease in sales volume as a result. All other operating expenses are expected to remain constant. Suppose cost of goods sold is a variable cost and operating expenses are a fixed cost.
What are the budgeted sales for 2019? (Round interim calculations to the nearest cent and the final answer to the nearest dollar.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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