Use the information below for Flushing Company to answer the question that follow. Below is...

80.2K

Verified Solution

Question

Accounting

Use the information below for Flushing Company to answer the question that follow.

Below is budgeted production and sales information for Flushing Company for the month of December.

Product XXX Product ZZZ
Estimated beginning inventory 29,400 units 18,500 units
Desired ending inventory 36,500 units 14,900 units
Region I, anticipated sales 318,000 units 271,000 units
Region II, anticipated sales 180,000 units 145,000 units

The unit selling price for product XXX is $4 and for product ZZZ is $14. Budgeted sales for the month are

a.$8,636,000

b.$3,656,000

c.$12,796,000

d.$7,816,000

For February, sales revenue is $595,000, sales commissions are 4% of sales, the sales manager's salary is $93,400, advertising expenses are $83,500, shipping expenses total 2% of sales, and miscellaneous selling expenses are $2,100 plus of 1% of sales. Total selling expenses for the month of February are

a.$217,675

b.$214,700

c.$179,000

d.$202,800

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