Bartholomew Manufacturing Company Is Preparing the Operating Budget for the First

question 11

Multiple Choice

Bartholomew Manufacturing Company is preparing the operating budget for the first quarter of 2013. They forecast sales of $50 000 in January, $60 000 in February, and $70 000 in March. Cost of sales is budgeted at 40% of Sales. Variable and fixed expenses are as follows: Variable: Miscellaneous expenses : 20% of Sales Fixed: Salary expense: $11 000 per month
Rent expense: $5 000 per month
Depreciation expense: $1 200 per month
Miscellaneous expenses/fixed portion: $3 300 per month
How much is the operating net profit/(loss) for January?

• A)$3 500
• B)($500)
• C)$1 450
• D)$7 500

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Definitions:

Statute Of Limitations

A law prescribing the maximum period within which legal action can be taken after a specified event, such as a crime or breach of contract.

Lawsuit

A legal action brought in a court by a plaintiff against a defendant, based on a complaint that the defendant failed to perform a legal duty, causing harm.

Limited Period

A specific duration of time that has definite beginning and ending points.

Standard Of Care

The level of care and service provided by healthcare professionals that is considered acceptable and appropriate by peer professional judgment.