Albury Enterprises Reports Year-End Information from 2018 as Follows Albury Is Developing the 2019 Budget

Multiple Choice

Albury Enterprises reports year-end information from 2018 as follows:
$$\begin{array} { l r } \text { Sales ( } 80000 \text { units) } & \$ 640000 \\\text { Cost of goods sold } & \underline { 40000 } \\\\\text { Gross margin } & 160000 \\\text { Operating expenses }& \underline { 130000 } \\\\\text { Operating expenses } & \$ 30000\end{array}$$
Albury is developing the 2019 budget.In 2019 the company would like to increase selling prices by 8%,and as a result expects a decrease in sales volume of 10%.All other operating expenses are expected to remain constant.Assume that COGS is a variable cost and that operating expenses are a fixed cost.
-What is budgeted sales for 2019?

A) $432 000
B) $533 333
C) $622 080
D) $518 400