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Dog Treats Company budgets payroll at $ 3 3 0 0 per month plus a percentage of monthly sales. The June operating expenses budget includes

Dog Treats Company budgets payroll at $3300 per month plus a percentage of monthly sales. The June
operating expenses budget includes total payroll of $15,300 with budgeted sales of $200,000. Sales for July are
budgeted at $140,000 while purchases of inventory for July are budgeted at $1,000,000. Depreciation and
insurance for July are estimated at $1200 and $300, respectively. Office and administrative expenses related to
purchasing inventory are budgeted at 15% of purchases for the month. The purchase of $2400 in equipment and
$1600 in furniture is expected in July.
If the percentage of monthly sales used in budgeting payroll increases 15%, what would the total payroll
budgeted for July be?
$9660
$8400
$11,700
$12,960
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