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Accounting
Clardean Company provided the following budgeted amounts: Executive salaries $15,000 Production employees' wages $12,800 Corporate taxes (paid in May) $3,600 Marketing Office utilities $3,000 $900 Office furniture depreciation Delivery vehicle depreciation March sales $2,100 $3,000 $92,000 6% of sales Sales commissions Selling and administrative expenses are paid in the month incurred. The total cash payment for selling and administrative expenses in March is budgeted to be: $29,520 $24,420 $26,520 $23,220

Clardean Company provided the following budgeted amounts: Executive salaries $15,000 Production employees' wages $12,800 Corporate taxes (paid in May) $3,600 Marketing Office utilities $3,000 $900 Office furniture depreciation Delivery vehicle depreciation March sales $2,100 $3,000 $92,000 6% of sales Sales commissions Selling and administrative expenses are paid in the month incurred. The total cash payment for selling and administrative expenses in March is budgeted to be: $29,520 $24,420 $26,520 $23,220

FINANCIAL ACCOUNTING
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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Clardean Company provided the following budgeted amounts: Executive salaries $15,000 Production employees' wages $12,800 Corporate taxes (paid in May) $3,600 Marketing Office utilities $3,000 $900 Office furniture depreciation Delivery vehicle depreciation March sales $2,100 $3,000 $92,000 6% of sales Sales commissions Selling and administrative expenses are paid in the month incurred. The total cash payment for selling and administrative expenses in March is budgeted to be: $29,520 $24,420 $26,520 $23,220
Transcribed Image Text:Clardean Company provided the following budgeted amounts: Executive salaries $15,000 Production employees' wages $12,800 Corporate taxes (paid in May) $3,600 Marketing Office utilities $3,000 $900 Office furniture depreciation Delivery vehicle depreciation March sales $2,100 $3,000 $92,000 6% of sales Sales commissions Selling and administrative expenses are paid in the month incurred. The total cash payment for selling and administrative expenses in March is budgeted to be: $29,520 $24,420 $26,520 $23,220
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