The following information pertains to the January operating budget for ABC Corp., a retailer: -...
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Accounting
The following information pertains to the January operating budget for ABC Corp., a retailer: - Budgeted sales are $210,560 for January - Marketing costs are $7,650 each month - Collections of sales are 40% in the month of sale and 60% the next month - Distribution costs are $3,520 each month - Cost of goods sold averages 66% of sales - Merchandise purchases total $159,890 in January - Administrative costs are $11,370 each month Compute the amount budgeted for the nonmanufacturing costs budget for January
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