Bartholomew Manufacturing Company Is Preparing the Operating Budget for the First

question 20

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 February?

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

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Definitions:

Industrial/Organizational Psychologist

A professional who applies psychological principles and research methods to the workplace to improve productivity and employee wellbeing.

Productivity

The efficiency at which individuals, companies, or economies produce goods and services, measured by the output per unit of input.

Clinical

Pertaining to the observation and treatment of actual patients rather than theoretical or laboratory studies.

Ergonomics

The science of designing the job, equipment, and workplace to fit the worker, aiming to enhance efficiency and well-being.