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Use the following to answer question Nos. 6-7 The International Company makes and sells only one product. The company is in the process of preparing
Use the following to answer question Nos. 6-7 The International Company makes and sells only one product. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Monthly Fixed Cost Variable Cost Per Unit Sold $0.80 $1.20 $0.30 Sales Commissions ..... Shipping ........... Advertising.. Executive Salaries... Depreciation on Office Equipment ....... Other ................ $15,000 $35,000 $12,000 $20,000 $0.35 All of these expenses (except depreciation) are paid in cash in the month they are incurred. 6. If the company has budgeted to sell 25,000 units in July, then the total budgeted selling and administrative expenses for July is: 7. If the company has budgeted to sell 25,000 units in July, then the total budgeted cash disbursement for selling and administrative expenses for July is
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