The following information is available for Pioneer Company: - Sales price per unit is $90. - November and December, sales were budgeted at 2,980 and 3,410 units, respectively. - Variable costs are 12 percent of sales (5 percent commission, 2 percent advertising, 5 percent shipping). - Fixed costs per month are sales salaries, $6,000; office salaries, $2,600; depreciation, $2,700; building rent, $3,200; insurance, $1,700; and utilities, $900. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December. Walter Company has the following information for the month of March: Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,900 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $8,400 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $14,000. Required: Prepare Walter's cash budget for the month of March