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please help asap! A manufacturing company's budgeted income statement includes the following data The budget assumes that 60% of commisston expenses are paid in the
please help asap!
A manufacturing company's budgeted income statement includes the following data The budget assumes that 60% of commisston expenses are paid in the month they are incurred and the remaining 40% are paid one month later, In addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilites expenses are assumed to bo paid in the same month in which they are incurred, Insurance has been paid in advance for the year on January 1 . Caiculate total budgeted cash payments for selling and administrative expensos for the month of April. A. $65,400 B. $52,400 C. $51,100 D. $58,400 Step by Step Solution
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