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Budgeted S&A Expenses Salary Expense 10,000 10,500 11,000 Sales Commissions 5% of Sales 5,000 5,500 5,300 Insurance Expense 2,000 2,000 2,000 Rent 2,400 2,400 2,400
Budgeted S&A Expenses | |||||
Salary Expense | 10,000 | 10,500 | 11,000 | ||
Sales Commissions 5% of Sales | 5,000 | 5,500 | 5,300 | ||
Insurance Expense | 2,000 | 2,000 | 2,000 | ||
Rent | 2,400 | 2,400 | 2,400 | ||
Depreciation on equipment | 1,500 | 1,500 | 1,500 | ||
Utilities | 1,100 | 1,300 | 1,500 | ||
Total Operating Expenses | 22,000 | 23,200 | 23,700 | ||
Schedule of Cash Payments for S&A Expenses | |||||
Salary Expense | ? | 10,500 | ? | ||
100% of Prior Month Sales Commissions | 5,100 | ? | ? | ||
Insurance Expense | 2,000 | 2,000 | 2,000 | ||
Rent | ? | ? | 2,400 | ||
100% of Prior Months Utilities Expense | 1,200 | ? | ? | ||
Total Payments for S&A Expenses | ? | ? | ? |
What is the total amount of S&A expenses for the fourth quarter that the company will report on its pro forma income statement?
A. | $64,400 | |
B. | $68,900 | |
C. | $23,700 | |
D. | $63,900 |
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