Funnel Manufacturing Company has provided the follwoing information:MonthBudgetedSales$ 76,000minn85,00092,00079,000JanuaryFebruaryMarchAprilBudgeted Selling and Administrative Expenses Per Month are as follows:• Wages, $15,000. Advertising, $12,000Depreciation, $3,000Other, 4 percent of SalesCost of Goods Sold s 60% of Sales. All inventory is purchased in the month it is sold. Inventory purchases are paid 2/3 in the month of purchase, the remaining 1/3 paid in the following month.What is the expected cash disbursements for the Selling and Administrative Expenses for February?O a. $27,000O b. $28,700O c. $33,400O d. $30,400

Selling and administrative expense budget is the estimation of selling and administration cost…

Funnel Manufacturing Company has provided the follwoing information: Month January February March April Budgeted Selling and Administrative Expenses Per Month are as follows: Budgeted Sales $76,000 85,000 92,000 79,000 Wages, $15,000 Advertising, $12,000 Depreciation, $3,000 . Other, 4 percent of Sales Cost of Goods Sold is 60% of Sales. All inventory is purchased in the month it is sold. Inventory purchases are paid 2/3 in the month of purchase, the remaining 1/3 paid in the following month. What is the expected cash disbursements for the Selling and Administrative Expenses for February?

Funnel Manufacturing Company has provided the follwoing information: Month January February March April Budgeted Selling and Administrative Expenses Per Month are as follows: Budgeted Sales $76,000 85,000 92,000 79,000 Wages, $15,000 Advertising, $12,000 Depreciation, $3,000 . Other, 4 percent of Sales Cost of Goods Sold is 60% of Sales. All inventory is purchased in the month it is sold. Inventory purchases are paid 2/3 in the month of purchase, the remaining 1/3 paid in the following month. What is the expected cash disbursements for the Selling and Administrative Expenses for February?

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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