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Funnel Manufacturing Company has provided the follwoing information: Month Budgeted Sales January$ 76,000February85,000March92,000April79,000 Budgeted Selling and Administrative Expenses Per Month are as follows: Wages, $15,000
Funnel Manufacturing Company has provided the follwoing information:
MonthBudgeted SalesJanuary$ 76,000February85,000March92,000April79,000Budgeted Selling and Administrative Expenses Per Month are as follows:
- Wages, $15,000
- Advertising, $12,000
- Depreciation, $3,000
- Other, 4 percent of Sales
Cost of Goods Sold is 60% of Sales. All inventory is purchased in the month it is sold. Inventory purchases are paid 2/3 in the month of purchase, the remaining 1/3 paid in the following month. What is the expected cash disbursements for the Selling and Administrative Expenses for February?
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