Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This Question: 3 pts 5 of 39 (34 complete) This Test: 125 pts possible Question Help * Kapital Inc. has prepared the operating budget for
This Question: 3 pts 5 of 39 (34 complete) This Test: 125 pts possible Question Help * Kapital Inc. has prepared the operating budget for the first quarter of 2015. They forecast sales of $40,000 in January, $50,000 in February, and $60,000 in March. Variable and fixed expenses are as follows: variable. Power cost (40% of Sales) Miscellaneous expenses: (10% of Sales) Fixed Salary expense: $8,000 per month Rent expense $4,000 per month Depreciation expense: $1,000 per month Power cost/txed portion $500 per month Miscellaneous expensesmxed portion: $1,000 per month Calculate total selling and administrative expenses for the month of January O A. S34,500 OB. S20.000 O C. S39,500 O D. $44,500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started