Warshaw Company budgets payroll at S3,700 per month plus a parcentage of monthly sales. The June oparating expenses budget includes total payroll of $11,200 with budgeted sales of $150,000. Sales for July are budgeted at $190,000 while purchases of inventory for July are budgeted at $940,000. Depreciation and insurance for July are estimated at S500 and $800, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of S3,000 in equipment and $1,200 n fum ture is expected in July. The July payroll should be budgeted at A. $11,200 O B. $13,200 O C. $9,500 O D. $22,573