Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 14(1 point) Reference: 09-11 The International Company makes and sells only one product, Product SW. The company is in the process of preparing its

Question 14(1 point)

Reference: 09-11

The International Company makes and sells only one product, Product SW. 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:

Variable cost per unit soldMonthly fixed costSales commissions$0.70Shipping1.10Advertising0.20$14,000Executive salaries-34,000Depreciation on office equipment-11,000Other0.2519,000All expenses other than depreciation are paid in cash in the month they are incurred.

If the budgeted cash disbursements for selling and administrative expenses for November total $123,250, then how much was the total selling and administrative budget for November?

Question 14 options:

A)

$123,250.

B)

$168,250.

C)

$187,250.

D)

$134,250.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2020

Authors: Bernard J. Bieg, Judith A. Toland

30th edition

357117174, 978-0357117170

More Books

Students also viewed these Accounting questions