00 October November December Budgeted S&A Expenses Salary Expense 34,000 34,500 35,000 Sales Commissions 5% of Sales 17,000 17,500 17,300 Insurance Expense 14,000 14,000 14,000 Rent 16,800 16,800 16,800 Depreciation on equipment 19,500 19,500 19,500 Utilities 2,300 2,500 2,700 Total Operating Expenses 103,600 104,800 105,300 Schedule of Cash Payments for S&A Expenses Salary Expense ? 34,500 ? 100% of Prior Month Sales 17,100 ? ? Commissions Insurance Expense 14,000 14,000 14,000 Rent ? ? 16,800 100% of Prior Months Utilities 2,400 ? ? Expense Total Payments for S&A Expenses ? ? ? The amount of cash paid for S&A expenses during the month of November is: The amount of cash paid for S&A expenses during the month of November is: Multiple Choice $84,600 $89,400 $87,700 $94,000