Porter Corporation makes and sells a single product called a Yute. The company is in the process of preparing its Selling and Administrative Expense Budget for the last quarter of the year. The following budget data are available: Variable CostPer Yute SoldMonthly FixedCostSales commissions$5.90 Shipping$5.30 Advertising$8.90$32,000 Executive salaries $178,000 Depreciation on office equipment $7,000 Other$0.60$20,000 ?All of these expenses (except depreciation) are paid in cash in the month they are incurred.?If the company has budgeted to sell 12,000 Yutes in December, then the budgeted total cash disbursements for selling and administrative expenses for December would be:
A. $248,400
B. $237,000
C. $485,400
D. $478,400
Answer: D
You might also like to view...
Cash receipts received from the issuance of a mortgage notes payable would be classified as a(n)
a. investing activity b. operating activity c. noncash investing and financing activity d. financing activity
Which one of the following is not considered to be a cash equivalent?
a. Corporate commercial paper due in 90 days after purchase b. U.S. Treasury bills with an original maturity of six months c. A money market account with a stock brokerage firm d. A certificate of deposit with a term of 75 days when acquired
Which of the following is the aim of the product concept?
A) improve the marketing of a firm's best products B) market only those products with high customer appeal C) focus on the target market and make products that meet those customers' demands D) focus on making continuous product improvements E) ensure that product promotion has the highest priority
A redundant constraint results in
a. no change in the optimal solution(s) b. an unbounded solution c. no feasible solution d. alternative optimal solutions