Assume a companys sales budget for July estimates 15,200 units sold. The variable selling and administrative expense used for budgeting purposes is $4.00 per unit sold. The total budgeted cash disbursements for selling and administrative expenses in July is $121,000. The total fixed selling and administrative expenses included in the selling and administrative expense budget for July is $82,000. What is the amount of depreciation included in the selling and administrative expense budget for July?

Multiple Choice

• $21,800

• $27,200

• $21,200

• $15,800