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The following information is available for Pioneer Company: Sales price per unit is $130. November and December sales were budgeted at 3,120 and 3,400 units,
The following information is available for Pioneer Company: Sales price per unit is $130. November and December sales were budgeted at 3,120 and 3,400 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, $5,200; office salaries, $2,900; depreciation, $2,200; building rent, $3,100; insurance, $1,400; and utilities, $700.
Determine Pioneer's budgeted selling and administrative expenses for November and December.
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