Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. prepare a marketing expense budget for the fourth

Prepare a marketing expense budget for the fourth quarter: Sales volume for the third quarter...

70.2K

Verified Solution

Question

Accounting

image

Prepare a marketing expense budget for the fourth quarter: Sales volume for the third quarter was 3.400 units and is estimated to increase by 10% for the fourth quarter. Variable marketing expense is expected to be $0.15 per unit and paid in cash during the month of sale. Fixed marketing expenses per month are expected to incur as follows: total salaries $8,500, depreciation $3,750, and Insurance $1,700. a. What is the total budgeted marketing expense for the fourth quarter? b. What is the estimated cash payment for marketing expenses for the fourth quarter? Total budgeted marketing expense Estimated cash payment b

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students