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For May and June, the total sales are 200,000 and 210,000, respectively. Cost of goods sold (CGS) 65%. Variable cost (VC) 20%. Fixed monthly costs
- For May and June, the total sales are 200,000 and 210,000, respectively.
- Cost of goods sold (CGS) 65%.
- Variable cost (VC) 20%.
- Fixed monthly costs (FC) 12,000.
- Depreciation included in FC 4,000.
- Inventory, ending 40% of the next month's CGS.
- Beginning inventory 52,000.
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To determine the sales budget for May we need to calculate the projected sales for May based on the ...
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
