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The following information pertains to the January operating budget for Murphy Corporation, a retailer. Budgeted sales are $210,000 for January Collections of sales are 40%
The following information pertains to the January operating budget for Murphy Corporation, a retailer. Budgeted sales are $210,000 for January Collections of sales are 40% in the month of sale and 60% the next month Cost of goods sold averages 66% of sales Merchandise purchases total $159,000 in January Marketing costs are $3,600 each month Distribution costs are $5,300 each month Administrative costs are $10,100 each month For January, the amount budgeted for the nonmanufacturing costs budget is Select one: O A. $90,400 O B. $10,100 O C. $178,000 O D. $19,000
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