Budgeted Selling and Administrative Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense Rent Depreciation on equipment Utilities Total Operating Expenses Schedule of Cash Payments for Selling and Administrative Expenses Salary Expense 100% of Prior Month Sales Commissions Insurance Expense October November December 46,000 46,500 47,000 23,000 23,500 23,300 20,000 20,000 20,000 24,000 24,000 24,000 28,500 28,500 28,500 2,900 3,100 144,400 145,600 3,300 146,100 2 46,500 2 23,100 ? ? 20,000 20,000 20,000 ? ? 24,000 3,000 2 ? Total Payments for Selling and Administrative Rent 100% of Prior Months Utilities Expense The amount of cash paid for Selling and Administrative expenses during the month of November is: Multiple Choice $123,000 $116,400 $129,400 $120,700