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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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