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Wonky Potteryis preparing its budget for the upcoming period, and has projected sales to be either 10,000 units, with total sales of $400,000 of 15,000
Wonky Potteryis preparing its budget for the upcoming period, and has projected sales to be either 10,000 units, with total sales of $400,000 of 15,000 units at the same per unit price. Historically cost of goods sold has been 55% of sales and are expected to remain at that-wel. Fixed costs are projected to be $95,000; sales commissions are 8% of sales and other variable selling and administrative expenses are typicaliy 15% of sales. Based on this information, if Wonky Pottery decides to budget for 15,000 units, what is the budgeted opernting income (loss)? $132,000 $37,000 ($10,500) ($7,000)
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