( TCO 2 ) Katie Enterprises reports the year-end information from 20X8 as follows : Sales ( 70,000 units ) $ 560,000 ; Cost of goods sold 210,000 ; Gross margin 350,000 ; Operating expenses 200,000 ; Operating income $ 150,000 . Katie is developing the 20X9 budget . In 20X9 , the company would like to increase selling prices by 4 %, 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 sales for 20X9 ?
9 . Question :
( TCO 2 ) Hester Company budgets on an annual basis for its fiscal year . The following beginning and ending inventory levels ( in units ) are planned for the fiscal year of July 1 , 2008 , through June 30 , 2009 .
July 1 , 2008 June 30 , 2009 Raw material ( note ) 40,000 10,000 Work in process 8,000 8,000 Finished goods 30,000 5,000 ( note ) Three units of raw material are needed to produce each unit of finished product .
If Hester Company plans to sell 600,000 units during the 2008-2009 fiscal year , the number of units it would have to manufacture during the year would be
10 . Question :
( TCO 2 ) Information pertaining to Brenton Corporation ' s sales revenue is presented in the following table :
February March April