Assume a companys sales budget for July estimates 16,300 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 $132,000. The total fixed selling and administrative expenses included in the selling and administrative expense budget for July is $93,000. What is the amount of depreciation included in the selling and administrative expense budget for July?

Multiple Choice

• $14,700

• $39,300

• $27,800

• $26,200