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Hattrick, Inc. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of
Hattrick, Inc. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Monthly Fixed Cost $6,000 Variable Cost Per Unit Sold Sales commissions $0.80 Shipping 1.25 Advertising 0.40 Executive salaries Depreciation on office equipment Other 0.55 40,000 8,000 28,000 Expenses are paid in the month incurred. If the company has budgeted to sell 7,000 umbrellas in October, how much is the fixed budgeted selling and administrative expenses for October? $21,000 $103,000 $82,000 $84,750 $63,750
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