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Business, 18.03.2021 01:40 kamdenburr

Answer the questions 14 and 15 using the information below: Budgeted sales are $200,000 for January Collections of sales are 50% in the month of sales and 50% the next month Cost of goods sold averages 70% of sales Merchandise purchases total $150,000 in January Marketing costs are $3,000 each month Distribution costs are $5,000 each month Administrative costs are $10,000 each month For January, budgeted gross margin is . A. $100,000 B. $140,000 C. $60,000 D. $50,000 2 points QUESTION 15 For January, the amount budgeted for the nonmanufacturing (period) costs is A. $78,000 B. $10,000 C. $168,000 D. $18,000

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Answer the questions 14 and 15 using the information below: Budgeted sales are $200,000 for January...
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