The ABC Company makes and sells only one product, Product AW. The company is in...
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Accounting
The ABC Company makes and sells only one product, Product AW. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available. All expenses other than depreciation are paid in cash in the month they are incurred. Variable cost per unit sold Monthly fixed cost Sales commissions $0.70 Shipping 1.1 Advertising 0.2 $12,000 Executive salaries 32,000 Depreciation on office equipment 12,000 Other 0.25 18,000 If the company has budgeted to sell 35,000 units of Product AW in July, what will be the total budgeted selling and administrative expenses for July? a. $78,750 b. $152,350 c. $152,750 d. $74,000
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