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Business, 17.03.2020 01:18 valerrry

Kramer Enterprises reports year-end information from 2010 as follows: Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260,000 Operating income $ 60,000 Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 2011

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Kramer Enterprises reports year-end information from 2010 as follows: Sales (160,000 units) $960,000...

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