Question
The following budget information is available for the Arch Company for January Year 2: Sales $ 1,050,000 Cost of goods sold 730,000 Utilities expense 6,600
The following budget information is available for the Arch Company for January Year 2: Sales $ 1,050,000 Cost of goods sold 730,000 Utilities expense 6,600 Administrative salaries 290,000 Sales commissions 5 % of sales Advertising 58,000 Depreciation on store equipment 88,000 Rent on administration building 98,000 Miscellaneous administrative expenses 48,000 All operating expenses are paid in cash in the month incurred. Compute the total budgeted selling and administrative expenses (excluding interest) amount for January Year 2.
$544,000
$644,000
$641,100
$585,500
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