Ripley Ltd manufactures a single product. Budgeted sales for May are R495 000. The gross margin is

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Ripley Ltd manufactures a single product. Budgeted sales for May are R495 000. The gross margin is set at 40%.

If the budgeted net operating profit for May is R84 000, calculate the other total operating expense budgets for May.

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Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Posted: Aug 30, 2023 08:57 AM

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Ripley Ltd manufactures a single product. Budgeted sales for May are R495 000. The gross margin is

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Given the gross margin and budgeted net operating profit we can calculate the other total oper...View the full answer

Fundamental Accounting

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