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Hi, can anyone help me solve this question? Seems to lack space to put in the interest expense? Sales Budget Budget Production Direct Mtls Direct
Hi, can anyone help me solve this question? Seems to lack space to put in the interest expense?
Sales Budget Budget Production Direct Mtls Direct Lbr Factory OH Selling Exp Admin Exp Cost of Income Budget Budget Budget Budget Budget Goods SoldStatement Requirement Prepare the Administrative Expense Budget for Robinson Inc. Quarterly general and administrative expenses include $68,000 administrative salaries, rent expense of $41,000 per quarter, insurance expense of $33,000 per quarter, straight-line depreciation of $33,000 per quarter, and 1% monthly interest on the $200,000 long-term note payable (390 quarterly) Show less Robinson Inc. General and Administrative Budget For the year ended December 31, 2018 First Qtr Second Qtr. Third Qtr Fourth Qtr Total Administrative salaries ent expense nsurance expense Depreciation expense Total budgeted general and administrative expensesStep by Step Solution
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