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The following information is available for Pioneer Company: Sales price per unit is $100. November and December, sales were budgeted at 3,040 and 3,460 units,
The following information is available for Pioneer Company:
- Sales price per unit is $100.
- November and December, sales were budgeted at 3,040 and 3,460 units, respectively.
- Variable costs are 12 percent of sales (6 percent commission, 3 percent advertising, 3 percent shipping).
- Fixed costs per month are sales salaries, $5,200; office salaries, $2,000; depreciation, $2,200; building rent, $3,500; insurance, $1,700; and utilities, $800.
Required:
Determine Pioneer's budgeted selling and administrative expenses for November and December.
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