Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 Rent 100% of Prior Months Utilities Expense Total Payments for Selling and Administrative Expenses 16,000 8,000 5,000 6,000 6,000 1,400 42,400 ? 8,100 5,000 ? 1,500 ? 16,500 17,000 8,500 8,300 5,000 5,000 6,000 6,000 6,000 1,600 43,600 16,500 ? 5,000 ?. ? ? 6,000 1,800 44,100 ? ? 5,000 6,000 ? ? What is the total amount of Selling and Administrative expenses for the fourth quarter that the company will report on its pro forma income statement?
image text in transcribed
image text in transcribed
What is the total amount of Selling and Administrative expenses for the fourth quarter that the company will report on its nro forma income statement? $112,100 $130,100 $111,600 $44,100 What is the total amount of Selling and Administrative expenses for the fourth quarter that the company will report on its nro forma income statement? $112,100 $130,100 $111,600 $44,100

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

20th Edition

1292399805, 978-1292399805

More Books

Students also viewed these Accounting questions

Question

=+c) Interpret the coefficient of Saturday in this model.

Answered: 1 week ago