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The Stacy Company Makes and Sells a Single Product: Product

Question 27
Multiple Choice

The Stacy Company makes and sells a single product: Product R.Budgeted sales for April are $300,000.Gross margin is budgeted at 30% of sales dollars.If the net income for April is budgeted at $40,000,what are the budgeted selling and administrative expenses? A) $50,000. B) $78,000. C) $102,000. D) $133,333.

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