Jenny's Pottery Store is a small retail company that has the following information pertaining to current year operations.Sales (2,500 fruit bowls)Cost of goods soldManager's salary allocationRent cost allocationAdvertisingCommissions (10% of sales)What are the estimated total costs if Jenny's expects to sell 3,000 units next year?A) $86,700B) $98,700C) $76,700D) $88,700$100,00045,00020,0007002,00010,000E) $84,240

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Business

Accounting

Sales (2,500 fruit bowls) Cost of goods sold

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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Question

Jenny's Pottery Store is a small retail company that has the following information pertaining to current year operations.
Sales (2,500 fruit bowls)
Cost of goods sold
Manager's salary allocation
Rent cost allocation
Advertising
Commissions (10% of sales)
What are the estimated total costs if Jenny's expects to sell 3,000 units next year?
A) $86,700
B) $98,700
C) $76,700
D) $88,700
$100,000
45,000
20,000
700
2,000
10,000
E) $84,240

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