Answer the following questions using the information below:
Sherry and John Enterprises are using the kaizen approach to budgeting for 2011. The budgeted income statement for January 2011 is as follows:
Under the kaizen approach, cost of goods sold and variable operating expenses are budgeted to decline by 1% per month.
-What is budgeted cost of goods sold for March 2011?
A)$588,060
B)$592,000
C)$600,000
D)$594,000

Question

Answer the following questions using the information below:
Sherry and John Enterprises are using the kaizen approach to budgeting for 2011. The budgeted income statement for January 2011 is as follows:
    Under the kaizen approach, cost of goods sold and variable operating expenses are budgeted to decline by 1% per month.
-What is budgeted cost of goods sold for March 2011?
A)$588,060 
B)$592,000 
C)$600,000 
D)$594,000

Quizplus · Accepted Answer

The budgeted cost of goods sold for March 2011 is $588,060.

Answer the Following Questions Using the Information Below