Sherry and John Enterprises Are Using the Kaizen Approach to Budgeting

question 114

Multiple Choice

Sherry and John Enterprises are using the kaizen approach to budgeting for 2018.The budgeted income statement for January 2018 is as follows:

Under the kaizen approach,cost of goods sold and variable operating expenses are budgeted to decline by 1% per month.
What is the budgeted operating income for March 2018?

• A)-$18,100
• B)$396,550
• C)-$59,403
• D)$683,100

---

Definitions:

Class Construction

The process of defining a class in object-oriented programming, including its properties, behaviors, and interactions with other classes.

Derived Class

A class that inherits properties and behaviors from another class, known as the base class.

Parent Class

A class from which other classes inherit properties and methods.