Selling and administrative expenses are billed and paid the month after they occur. Selling and administrative expenses have both a fixed and a variable component. The fixed component is a constant $8,000 a month. The variable component equals 5 percent of revenues. Given revenues of $300,000 for January, $350,000 for February, and $400,000 for March, what would be the budgeted selling and
administrative expenses that would be paid in March?
a. $8,000
b. $16,500
c. $25,500
d. $23,000
C
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