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Show Answer On ENTIRE SCREEN A manufacturing company's budgeted income statement includes the following data: Data extracted from budgeted income statement Mar Apr May Jun

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A manufacturing company's budgeted income statement includes the following data: Data extracted from budgeted income statement Mar Apr May Jun Sales revenue $130,000 $100,000 $130,000 $120,000 Commission expense (15% of sales) 19,500 15,000 19,500 18,000 Salaries expense 33,000 33,000 33,000 33,000 Miscellaneous expense5% of sales 5,000 6,500 6,000 Rent expense 3,900 3,900 3,900 3,900 Utilities expense 2,300 2,300 2,300 2,300 Insurance expense 2,600 2,600 2,600 2,600 Depreciation expense 4,500 4,500 4,500 4,500 The budget assumes that 40% of commission expenses are paid in the month they are incurred and the remaining 60% 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 utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance has been paid in advance for the year on January 1 Calculate total budgeted cash payments for selling and administrative expenses for the month of April 6,500 O A $61,900 B. $69,000 OC. $55,700 OD $64,500

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