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Hyein Company reports year-end information from 2018 as follows: Advanced is developing the 2019 budget. In 2019 the company would like to increase selling prices

image text in transcribed Hyein Company reports year-end information from 2018 as follows: Advanced is developing the 2019 budget. In 2019 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume of 9%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 2019

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