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The following information is available for Pioneer Company: Sales price per unit is $120. November and December, sales were budgeted at 3,000 and 3,450 units,
The following information is available for Pioneer Company: Sales price per unit is $120. November and December, sales were budgeted at 3,000 and 3,450 units, respectively. Variable costs are 11 percent of sales (5 percent commission, 2 percent advertising, 4 percent shipping). Fixed costs per month are sales salaries, $4,900; office salaries, $2,400; depreciation, $2,500; building rent, $3,700; insurance, $1,200; and utilities, $800. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December.
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