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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$ 76,000February85,000March92,000April79,000

Budgeted 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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