Warshaw Company

Warshaw Company is preparing the June Budget. The June budget includes the following data: Sales $100, 000 Purchases of Merchandise $95, 000 Depreciation $2224 Insurance $10724 Payroll expenses $5299 a month plus 2% of sales Administrative office expenses incurred to order purchases are budgeted at 6% of purchases of merchandise only Purchase of equipment $3460 Research and Development 10% of sales What is total operating expense for June