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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Warshaw Company budgets payroll at $3,600 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $13,200 with budgeted sales of $160,000. Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1,000 and $600, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July.

If the percentage of monthly sales used in budgeting payroll increases 25%, what would the total payroll budgeted for July be?
A) $13,500
B) $20,025
C) $17,100
D) $14,400
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
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#3
4 years ago
thank you
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