Wala Incorporated bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $3.70 per unit. The budgeted fixed selling and administrative expense is $30,360 per month, which includes depreciation of $3,630. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 3,100 units are planned to be sold in July. Required: Prepare the selling and administrative expense budget for July. Fixed selling and administrative expense Total selling and administrative expense Cash disbursements for selling and administrative expenses $ $ $ July 3,600 4.00 14,400 14,400 14,400

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Wala Incorporated bases its selling and administrative expense budget on the number of units sold. The variable selling and
administrative expense is $3.70 per unit. The budgeted fixed selling and administrative expense is $30,360 per month, which includes
depreciation of $3,630. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget
shows 3,100 units are planned to be sold in July.
Required:
Prepare the selling and administrative expense budget for July.
Fixed selling and administrative expense
Total selling and administrative expense
Cash disbursements for selling and administrative expenses
$
$
$
July
3,600
4.00
14,400
14,400
14,400
Transcribed Image Text:Wala Incorporated bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $3.70 per unit. The budgeted fixed selling and administrative expense is $30,360 per month, which includes depreciation of $3,630. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 3,100 units are planned to be sold in July. Required: Prepare the selling and administrative expense budget for July. Fixed selling and administrative expense Total selling and administrative expense Cash disbursements for selling and administrative expenses $ $ $ July 3,600 4.00 14,400 14,400 14,400
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