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Bartholomew Manufacturing Company Is Preparing the Operating Budget for the First

Question 41

Multiple Choice

Bartholomew Manufacturing Company is preparing the operating budget for the first quarter of 2012. They forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Cost of goods sold is budgeted at 40% of Sales. Variable and fixed expenses are as follows: Bartholomew Manufacturing Company is preparing the operating budget for the first quarter of 2012. They forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Cost of goods sold is budgeted at 40% of Sales. Variable and fixed expenses are as follows:     How much is the operating net income/(loss) for February? A) $3,500 B) $1,450 C) ($500)  D) $7,500 Bartholomew Manufacturing Company is preparing the operating budget for the first quarter of 2012. They forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Cost of goods sold is budgeted at 40% of Sales. Variable and fixed expenses are as follows:     How much is the operating net income/(loss) for February? A) $3,500 B) $1,450 C) ($500)  D) $7,500 How much is the operating net income/(loss) for February?


A) $3,500
B) $1,450
C) ($500)
D) $7,500

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