The following information pertains to the January operating budget for ABC Corporation: January Collections of sales are 40% in the month of sale and 60% the next month Cost of goods sold averages 66% of sales Budgeted sales are $210,000 for Merchandise purchases total $159,000 in January month month Marketing costs are $3,600 each Distribution costs are $5,300 each Administrative costs are $10,100 each month For January, the amount budgeted for the nonmanufacturing costs budget is: Instructions: Input your answer without using a dollar sign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)

The following information pertains to the January operating budget for ABC Corporation: January Collections of sales are 40% in the month of sale and 60% the next month Cost of goods sold averages 66% of sales Budgeted sales are $210,000 for Merchandise purchases total $159,000 in January month month Marketing costs are $3,600 each Distribution costs are $5,300 each Administrative costs are $10,100 each month For January, the amount budgeted for the nonmanufacturing costs budget is: Instructions: Input your answer without using a dollar sign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)

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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