VAICS ICYCIUC 4 100,000 , , , Commission expense (15% of sale) 19,500 13,500 21,000 16,500 Salaries expense 32,000 32,000 32,000 32,000 Miscellaneous expense6% of sales 7,800 5,400 8,400 6,600 Rent expense 4,000 4,000 4,000 4,000 Utilities expense 2,000 2,000 2,000 2,000 Insurance expense 2,800 2,800 2,800 Depreciation expense 4,300 4,300 4,300 4,300 The budget assumes that 40% of commission expenses are paid in the month they were incurred, and the remaining 60% are paid one month later. In addition, 50% of salaries expenses are paid in the month incurred and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1. How much is the total of the budgeted cash payments for selling and administrative expenses for the month of May? 2,800 O A. $62,900 OB. $59,900 O C. $56,900 OD. $46,400 A manufacturing company's budgeted income statement includes the following data: Data extracted from budgeted income statement Mar Apr May Jun Sales revenue $140,000 $100,000 $100,000 $120,000 Commission expense (10% of sales) 14,000 10,000 10,000 12,000 Salaries expense 33,000 33,000 33,000 33,000 Miscellaneous expense6% of sales 8,400 6,000 6,000 7,200 Rent expense 4,000 4,000 4,000 4,000 Utilities expense 2,000 2,000 2,000 2,000 Insurance expense 2,600 2,600 2,600 2,600 O A. $64,500 OB. $60,000 O c. $57,400 OD. $51,400