Paper Manufacturing makes and sells a single product called a Yute. 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: Sales commissions Shipping Advertising. Executive salaries Depreciation on office equipment Variable Cost Monthly Per Yute Sold Fixed Cost $2.10 $3.90 $7.40 $34,000 $198,000 $10,000 Other $0.60 $38,000 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 24,000 Yutes in November, then the total budgeted selling and administrative expenses for November would be: O a. $616,000.00 O b. $606,000.00 O c. $565,600.00 O d. $556,000.00
Paper Manufacturing makes and sells a single product called a Yute. 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: Sales commissions Shipping Advertising. Executive salaries Depreciation on office equipment Variable Cost Monthly Per Yute Sold Fixed Cost $2.10 $3.90 $7.40 $34,000 $198,000 $10,000 Other $0.60 $38,000 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 24,000 Yutes in November, then the total budgeted selling and administrative expenses for November would be: O a. $616,000.00 O b. $606,000.00 O c. $565,600.00 O d. $556,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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