Question
The following budget information is available for the HD Sales Company (HDC) for January: Sales $ 365,000 Freight out $ 0.25 per unit sold Depreciation
The following budget information is available for the HD Sales Company (HDC) for January:
Sales | $ 365,000 | |
---|---|---|
Freight out | $ 0.25 | per unit sold |
Depreciation on Administrative Equipment | $ 14,500 | |
Sales & Administrative Salaries | $ 45,400 | + 2% of sales |
Advertising | $ 16,500 | |
Depreciation on Manufacturing Equipment | $ 19,500 | |
Lease on Sales Building | $ 46,800 | |
Miscellaneous Selling Expenses | $ 5,900 |
All operating expenses are paid in cash in the month incurred.
If HDC expects to sell 24,500 units of inventory, the total budgeted selling and administrative expenses would be what amount on the January pro forma income statement?
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