The Beta Company makes and sells a single product. margin is budgeted at 30% of sales. If the net income (before tax) for April is budgeted at $160,000, budgeted selling and administrative expenses must be: a. $533,332 b. $408,000 C. $312,000 d $200.000

The Beta Company makes and sells a single product. margin is budgeted at 30% of sales. If the net income (before tax) for April is budgeted at $160,000, budgeted selling and administrative expenses must be: a. $533,332 b. $408,000 C. $312,000 d $200.000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 1E: The sales department of Macro Manufacturing Co. has forecast sales for its single product to be...

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13.
The Beta Company makes and sells a single product. Budgeted sales for April are $1,200,000. Gross
margin is budgeted at 30% of sales. If the net income (before tax) for April is budgeted at $160,000,
budgeted selling and administrative expenses must be:
a.
$533,332
b.
$408,000
C.
$312,000
d.
$200,000

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