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The operating expense budget of MountainTop Creations is comprised of the following budget formulas for its fixed and variable selling and administrative expense items: Selling
The operating expense budget of MountainTop Creations is comprised of the following budget formulas for its fixed and variable selling and administrative expense items:
Selling expenses: $288,000 per year + $18 per unit
Administrative expenses: $552,000 per year + 2% of sales
If MountainTops sales budget includes sales of 5,000 units each month at a price $50 per unit, the budgeted selling expense for August would be:
Group of answer choices
$29,000.
$114,000.
$293,000.
$378,000.
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