Dixie Co. Budgeting Income Statement Sales $ 600,000 Cost of Goods Sold $ 360,000 Gross Profit $ 240,000 Selling & Admin $ 200,000 Operating Income $ 40,000 Dixie Co. is budgeting for next year. Their initial budget is shown above and is based on 10,000 units. Product costs are 80% variable. Selling and Admin costs are 25% variable. If they wish to budget for 18,000 units, what would the new budgeted profit be? Enter as a whole number, no commas and no dollar signs. Your Answer: Answer
Dixie Co. Budgeting Income Statement Sales $ 600,000 Cost of Goods Sold $ 360,000 Gross Profit $ 240,000 Selling & Admin $ 200,000 Operating Income $ 40,000 Dixie Co. is budgeting for next year. Their initial budget is shown above and is based on 10,000 units. Product costs are 80% variable. Selling and Admin costs are 25% variable. If they wish to budget for 18,000 units, what would the new budgeted profit be? Enter as a whole number, no commas and no dollar signs. Your Answer: Answer
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 40P
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![Dixie Co. Budgeting Income Statement
Sales
$ 600,000
Cost of Goods Sold
$ 360,000
Gross Profit
$ 240,000
Selling & Admin
$ 200,000
Operating Income
$
40,000
Dixie Co. is budgeting for next year. Their initial budget is shown above and is based on 10,000
units. Product costs are 80% variable. Selling and Admin costs are 25% variable.
If they wish to budget for 18,000 units, what would the new budgeted profit be?
Enter as a whole number, no commas and no dollar signs.
Your Answer:
Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdd74de02-bd15-46b2-b31a-2801cc9d9ff1%2Fe010a352-994c-450a-98d4-796707196faa%2Fg0bnt0c_processed.png&w=3840&q=75)
Transcribed Image Text:Dixie Co. Budgeting Income Statement
Sales
$ 600,000
Cost of Goods Sold
$ 360,000
Gross Profit
$ 240,000
Selling & Admin
$ 200,000
Operating Income
$
40,000
Dixie Co. is budgeting for next year. Their initial budget is shown above and is based on 10,000
units. Product costs are 80% variable. Selling and Admin costs are 25% variable.
If they wish to budget for 18,000 units, what would the new budgeted profit be?
Enter as a whole number, no commas and no dollar signs.
Your Answer:
Answer
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