Question

*7) What is budgeted gross margin for March 2015?*

A) $392,040
B) $396,000
C) $408,040
D) $411,940
Objective 6.6

Answer 1

The budgeted gross margin for March 2015 is $392,040. Option A.

Step-by-step explanation:

The budgeted gross margin for March 2015 can be calculated by subtracting the budgeted cost of goods sold from the budgeted sales revenue.

Given that the budgeted sales revenue is $850,000 and the budgeted cost of goods sold is $458,960, we can calculate the budgeted gross margin as follows:

Budgeted Gross Margin = Budgeted Sales Revenue - Budgeted Cost of Goods Sold

Budgeted Gross Margin = $850,000 - $458,960 = $391,040

Therefore, the correct answer is A) $392,040.