Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question Help Pearl, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $40,000.00 in January, 550,000.00

image text in transcribed
image text in transcribed
image text in transcribed
Question Help Pearl, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $40,000.00 in January, 550,000.00 in February, and $60,000.00 in March. Variable und fixed selling and administrative expenses are as follows: Variable Expenses Power cost (20% of sales) Miscellaneous expenses (1576 of sales) A $14,000.00 OB. $33,500.00 C. $30,000.00 Click to select your answer GO WOO $ % 5 & 7 00* 4 6 9 0 R T Y U This Question: 2 pts 55 of 56 (52 complete) This Miscellaneous expenses: (15% of sales) Fixed Expenses Salaries expense: $6,000.00 per month Rent expense: $4,000.00 per month Depreciation expense: $1,000.00 per month Poser ent/fixed portion: $500.00 per month O A $14,000.00 OB. $33,500.00 OC. $30,000.00 Click to select your answer 20 F F4 FS & % $ 8 9 0 This Question: 2 pts 55 of 56 (52 complete) This Test: . Depreciation expense: $1,000.00 per month Power cost/fixed portion: $500.00 per month Miscellaneous expenses/fixed portion: $1,000.00 per month Calculate total budgeted selling and administrative expenses for the month of January O A $14,000.00 OB. $33,500.00 OC $30,000.00 DS250 Click to select your answer DOO 20 F 55 * # $ 4 % 5 & 7 6 8 9 3

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

Students also viewed these Accounting questions