#12 Swingers Company makes and sells widgets. The company is in the process of preparing its Selling andAdministrative Expense Budget for the month. The following budget data are available:Monthly Fixed Cost$5,000ItemVariable Cost Per Unit SoldSales commissions$1$3ShippingAdvertising$4$60,000$2,000$3,000Executive salariesAmortization on office equipmentOther$2Expenses are paid in the month incurred. If the company has budgeted to sell 40,000 widgets inOctober, how much is the total budgeted selling and administrative expenses for October?$470,000$70,000$465,000$400,000

Selling expenses are included variable and fixed expenses incurred for selling goods. Administration…

Swingers Company makes and sells widgets. The company is in the process of preparing its Selling and Administrative Expense Budget for the month. The following budget data are available: Variable Cost Per Unit Sold Monthly Fixed Cost $5,000 Item Sales commissions $1 Shipping Advertising $3 $4 $60,000 $2,000 $3,000 Executive salaries Amortization on office equipment Other $2 Expenses are paid in the month incurred. If the company has budgeted to sell 40,000 widgets in October, how much is the total budgeted selling and administrative expenses for October? $470,000 $70,000 $465,000

Swingers Company makes and sells widgets. The company is in the process of preparing its Selling and Administrative Expense Budget for the month. The following budget data are available: Variable Cost Per Unit Sold Monthly Fixed Cost $5,000 Item Sales commissions $1 Shipping Advertising $3 $4 $60,000 $2,000 $3,000 Executive salaries Amortization on office equipment Other $2 Expenses are paid in the month incurred. If the company has budgeted to sell 40,000 widgets in October, how much is the total budgeted selling and administrative expenses for October? $470,000 $70,000 $465,000

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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