2: At January 1, 2020, Vaughn Inc. has beginning inventory of 3,800 surfboards. Vaughn estimates it will sell 15,400 units during the first quarter of 2020 with a 10% increase in sales each quarter. Vaughn's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $190 and is sold for $300. How much is budgeted sales revenue for the third quarter of 2020? A) $1,270,500 B) $5,590,200 C) $4,620,000 D) $5,082,000 9 0 Q8: In the variable cost approach, the markup percentage covers the 1 A) fixed costs only. B) desired ROI only. B C) desired ROI and fixed costs. D) desired ROI and selling and administrative expenses