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Murphy Company produces and sells only one product, heavy-duty cargo carriers for trucks. The ...

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Murphy Company produces and sells only one product, heavy-duty cargo carriers for trucks. The ...

Murphy Company produces and sells only one product, heavy-duty cargo carriers for trucks. The company is preparing its selling and administrative expense budget for the month. The following information has been provided to assist in the budgeting process.

Variable Cost

Monthly

Per Unit Sold

Fixed Cost

Sales commissions	$0.50
Shipping	5.00
Advertising	1.25	$ 10,000
Executive salaries		150,000
Depreciation on office equipment		10,000
Other	0.30	15,000

All cash expenses are paid in the month they are incurred.

Required:

Murphy has budgeted to sell 5,000 units during July. Prepare the selling and administrative expense budget for July.

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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