Budgeted information relates to a furniture shop which sells a standard office cabinet and plans to open in January 2021.

Annual cost of rent for the premises Cost of fixtures and fittings which will be paid in January 2021 Annual Depreciation charge for fixtures and fittings Staff salaries (per month) Average cost of electricity & telephone (utilities) per month Average cost per unit of furniture bought Average selling price per unit of furniture sold $36,000 $2,100 $420 $7,000 $380 $18 $25