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 March?
A)$3,500
B)$1,450
C)($500)
D)$7,500
Correct Answer:
Verified
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