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dxpayne dxpayne
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6 years ago
Brad Corporation is developing its budgets for 2016 and for the first time will use the Kaizen approach. The initial 2016 income statement, based on static data from 2015, is as follows:

Sales (240,000 units)   $720,000
Less: Cost of goods sold   480,000
Gross margin   $240,000
Operating expenses (includes $64,000 of fixed costs)   192,000
Net income   $48,000

Under the Kaizen approach, cost of goods sold and variable operating expenses are budgeted to decline by 12%.

Required:
Prepare a Kaizen-based budgeted income statement for March of 2016.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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GarretAGarretA
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6 years ago
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Without mathematics, there's nothing you can do. Everything around you is mathematics. Everything around you is numbers.

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