Question
The following budget information is available for the HD Sales Company for January: Sales $ 365,000 Freight out $ 0.25 per unit sold Depreciation on
The following budget information is available for the HD Sales Company for January:
| Sales | $ | 365,000 | |
| Freight out | $ | 0.25 | per unit sold |
| Depreciation on Admin. Equipment | $ | 14,500 | |
| Sales & Admin. Salaries | $ | 45,400 | +2% of sales |
| Advertising | $ | 16,500 | |
| Depreciation on Manuf. Equip. | $ | 19,500 | |
| Lease on Sales Building | $ | 46,800 | |
| Miscellaneous Selling Expenses | $ | 5,900 | |
Based on January sales of 24,500, the amount of HDC's expected cash outflow for selling and administrative expenses would be
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Uniform Administrative Requirements Cost Principles And Audit Requirements For Federal Awards A Handbook For Institutions Of Higher Education And State And Local Governments
Authors: Andrew Shepard-Smith
1st Edition
1505298482, 978-1505298482
