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The following information is available for Pioneer Company: Sales price per unit is $110. November and December, sales were budgeted at 2,940 and 3,420 units,
The following information is available for Pioneer Company:
Sales price per unit is $110.
November and December, sales were budgeted at 2,940 and 3,420 units, respectively.
Variable costs are 11 percent of sales (4 percent commission, 2 percent advertising, 5 percent shipping).
Fixed costs per month are sales salaries, $4,200; office salaries, $2,800; depreciation, $2,500; building rent, $3,800; insurance, $1,200; and utilities, $800.
Required:
Determine Pioneer's budgeted selling and administrative expenses for November and December.
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