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Please show work and formulas used! 0) Future Company Incurs $1.80 per unit of variable selling and administrative expense and $102,950 per month in fixed
Please show work and formulas used!
0) Future Company Incurs $1.80 per unit of variable selling and administrative expense and $102,950 per month in fixed selling and administrative expense. Of the fixed expense, $19,880 relates to depreciation each month. Future company produced and sold 7,000 units in February and 6,000 units in March. 80% of a month's expense is paid for in the month incurred, and the other 20% is paid in the following month. How much would be the March cash disbursements for selling and administrative expense? (Answer: 94,230) a. $93,870 b. $114,110 c. $95,670 d. $94,230 00) Joann's has budgeted to make the following material purchases during the next four months: January $45,600 February $55,000 March $52,300 April $30,800 Joann's pays for 60% of the purchases in the month of purchase and 40% in the following month. Accounts payable at the end of March would be: a. $20,920 b. $39,400 C. $52,300 d. $30,800Step by Step Solution
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