The budget assumes that 60% of commission expenses are pald in the month they were incurred, and the remaining 40% are paid one month later. in addition 50% of salaries expenses are paid in the month Incurred and the remaining 50% are paid one month later. Miscellanegus expenses, rent expense, and utilities expenses are assumed to be paid in the same monthin which they are Incurred. Insurance was prepaid for the year on January 1. How much is the total of the budgeted cash payments for selling and administrative expenses for the month of May? O S43.000 S55.000 O $61,000 O 558.500

The budget assumes that 60% of commission expenses are pald in the month they were incurred, and the remaining 40% are paid one month later. in addition 50% of salaries expenses are paid in the month Incurred and the remaining 50% are paid one month later. Miscellanegus expenses, rent expense, and utilities expenses are assumed to be paid in the same monthin which they are Incurred. Insurance was prepaid for the year on January 1. How much is the total of the budgeted cash payments for selling and administrative expenses for the month of May? O S43.000 S55.000 O $61,000 O 558.500

Ambud income the from brand commere Mar Aps S16000 Ter 21.00 120 21.00 ope Lod 700 2006 - 22 20 2200 LED 31 www tuto con person they were and there are online wagon one more personer med for the payment for at forth 4.000 1.000 63000 000 A manufacturing company's budgeted income statement includes the following data: Data extracted from budgeted income statement Mar Apr May Jun Sales revenue $140,000 $90,000 $140,000 $110,000 Commission expense (15% of sale) 21,000 13,500 21,000 16,500 Salaries expense 30,000 30,000 30,000 30,000 Miscellaneous expense-5% of sales 7,000 4,500 7,000 5,500 Rent expense 3,8001 3,800 3,800 3,800 Utilities expense 2,2001 2,200 2,200 2,200 insurance expense 2,400 2,400 2,400 2,400 Depreciation expense 4,500 4,500 4,500 4,500 The budget assumes that 6096 of commission expenses are paid in the month they were inc one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed payments for selling and administrative expenses for the month of May? 0 $43,000 $55,000 $61.000 O $58,500