Warshaw Company is preparing the June Budget. The June budget includes the following...
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Accounting
Warshaw Company is preparing the June Budget.
The June budget includes the following data:
Sales $100,000
Purchases of Merchandise $95,000
Depreciation $2597
Insurance $11805
Payroll expenses $5080 a month plus 2% of sales
Administration office expenses incurred to order purchases are budgeted at 5% of purchases of merchandise only
Purchase of equipment $4094
Research and Development 6% of sales
What is total operating expense for June?
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