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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Kapital, Inc. has prepared the operating budget for the first quarter of the year. The company forecast sales of $45,000 in January, $55,000 in February, and $65,000 in March. Variable and fixed selling and administrative expenses are as follows:

Variable Expenses: Power cost (20% of sales)
Miscellaneous expenses: (10% of sales)
Fixed Expenses: Salary expense: $6,000 per month
Salaries expense: $5,000 per month
Depreciation expense: $1,400 per month
Power cost/fixed portion: $600 per month
Miscellaneous expenses/fixed portion: $1,200 per month

Calculate total selling and administrative expenses for the month of January.
A) $27,700
B) $30,700
C) $33,700
D) $13,500
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
wrote...
#3
4 years ago
thanks bro
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