Question
Figure 9-11. Pallen Company estimated sales of 11,000 units at $40 each, unit cost of goods sold of $22, marketing expense of $65,000 and a
Figure 9-11. Pallen Company estimated sales of 11,000 units at $40 each, unit cost of goods sold of $22, marketing expense of $65,000 and a 10% commission on each unit sold. Administrative expense is budgeted at $50,000. Refer to Figure 9-11. What is Pallen's budgeted operating income?
|
| $281,000 | |
|
| $39,000 | |
|
| $198,000 | |
|
| $83,000 | |
|
| $440,000 |
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
