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A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amounted to 2,400;
A company is formulating its marketing expense budget for the last quarter of the year. Sales in units for the third quarter amounted to 2,400; sales volume for the fourth quarter is expected to increase by 10%. Variable marketing expenses per unit sold amount to approximately $0.15, paid in cash in month of sale. Fixed marketing expenses per month amount to $6,000 of salaries, $2,500 of depreciation (delivery trucks), and $1,200 of insurance (paid monthly). |
a. | What is the total budgeted marketing expense for the fourth quarter of the year?
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