Belen Corporation makes and sells a single product called a Cute. The company is in the process of preparing its Selling and Administrative Expense Budget for the last quarter of the year. The following budget data are available: Variable Monthly Cost Per Fixed Cost Cute Sold Sales commissions P 2.10 Shipping P 3.90 Advertising P 7.40 P 34,000 Executive salaries 198,000 Depreciation on office 10,000 equipment Other 0.60 38,000 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the dgeted cash disbursements for selling and administrative expenses for October total P466,000, the mpany plans to sell in October units of Cute.

Belen Corporation makes and sells a single product called a Cute. The company is in the process of preparing its Selling and Administrative Expense Budget for the last quarter of the year. The following budget data are available: Variable Monthly Cost Per Fixed Cost Cute Sold Sales commissions P 2.10 Shipping P 3.90 Advertising P 7.40 P 34,000 Executive salaries 198,000 Depreciation on office 10,000 equipment Other 0.60 38,000 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the dgeted cash disbursements for selling and administrative expenses for October total P466,000, the mpany plans to sell in October units of Cute.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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