Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Annapolis , Inc. has forecast sales of $ 45,000 in January , $ 55,000 in February , and $ 65,000 in March . Selling and

Annapolis , Inc. has forecast sales of $ 45,000 in January , $ 55,000 in February , and $ 65,000 in March . Selling and administrative expenses include : Utilities: $600 per month +20% of sales, Sales commissions : 10% of sales, Salaries: $7,200 per month, Office rent: $ 5,000 per month, Computer depreciation : 1,400 per month

Calculate total selling and administrative expenses for February

A.\$27,700 B. \$33,700 C.\$30,700 D.\$13,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting: A Business Process Approach

Authors: Jane L. Reimers

3rd edition

978-0136115274

Students also viewed these Accounting questions