Sheridan, Inc. expects sales volume totaling $460000 for June. Data for the month follows: Sales commissions Sales manager's salary Advertising expense Shipping expense. 4% of sales $27600 per month $23000 per month 1% of sales Miscellaneous selling expenses $1932 per month plus 3/4% of sales How much is Sheridan's selling expense budget for June?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Sheridan, Inc. expects sales volume totaling $460000 for June. Data for the month follows:
Sales commissions
Sales manager's salary
4% of sales
$27600 per month
$23000 per month
Advertising expense
Shipping expense.
Miscellaneous selling expenses $1932 per month plus 3/4% of sales
O $78982.
O $52532.
O $28382.
O $77050.
1% of sales
How much is Sheridan's selling expense budget for June?
Transcribed Image Text:Sheridan, Inc. expects sales volume totaling $460000 for June. Data for the month follows: Sales commissions Sales manager's salary 4% of sales $27600 per month $23000 per month Advertising expense Shipping expense. Miscellaneous selling expenses $1932 per month plus 3/4% of sales O $78982. O $52532. O $28382. O $77050. 1% of sales How much is Sheridan's selling expense budget for June?
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