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Assume a merchandising company provides the following information from its master budget for the month of May: Sales $ 120,000 Cost of goods sold $
Assume a merchandising company provides the following information from its master budget for the month of May:
| Sales | $ | 120,000 | |
| Cost of goods sold | $ | 80,000 | |
| Selling and administrative expenses | $ | 35,000 | |
What is the budgeted gross margin?
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Management Accounting Principles And Applications
Authors: Hugh Coombs, D Ellis Jenkins, David Hobbs
1st Edition
1412908434, 978-1412908436
