Sales $ 950,000 Cost of goods sold 630,000 Utilities expense 4,600 Administrative salaries 190,000 Sales commissions 5% of sales Advertising 38,000 Depreciation on store equipment 68,000 Rent on administration building 78,000 Miscellaneous administrative expenses 28,000 All operating expenses are paid in cash in the month incurred. Compute the total budgeted selling and administrative expenses (excluding interest) amount for January Year 2. $415,500 $454,100 $384,000 $454,000

Sales $ 950,000 Cost of goods sold 630,000 Utilities expense 4,600 Administrative salaries 190,000 Sales commissions 5% of sales Advertising 38,000 Depreciation on store equipment 68,000 Rent on administration building 78,000 Miscellaneous administrative expenses 28,000 All operating expenses are paid in cash in the month incurred. Compute the total budgeted selling and administrative expenses (excluding interest) amount for January Year 2. $415,500 $454,100 $384,000 $454,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 6PA: Relevant data from the Poster Companys operating budgets are: Additional data: Capital assets were...

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