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question 124

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Answer the following questions using the information below:
Kramer Enterprises reports year-end information from 2010 as follows:
Answer the following questions using the information below: Kramer Enterprises reports year-end information from 2010 as follows: Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. -What is budgeted cost of goods sold for 2011? A) $622,080 B) $576,000 C) $691,200 D) $640,000 Answer the following questions using the information below: Kramer Enterprises reports year-end information from 2010 as follows: Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. -What is budgeted cost of goods sold for 2011? A) $622,080 B) $576,000 C) $691,200 D) $640,000 Answer the following questions using the information below: Kramer Enterprises reports year-end information from 2010 as follows: Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. -What is budgeted cost of goods sold for 2011? A) $622,080 B) $576,000 C) $691,200 D) $640,000 Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost.
-What is budgeted cost of goods sold for 2011?

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