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
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.