Question

Yerkey Corporation makes one product and has provided the following information to help prepare the master budget Budgeted un

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Estimated selling and administrative expenses

= Variable + Fixed

= (10,700*2) + 60,000

= 81,400

Option A is the answer

Add a comment
Know the answer?
Add Answer to:
Yerkey Corporation makes one product and has provided the following information to help prepare the master...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Yerkey Corporation makes one product and has provided the following information to help prepare the master...

    Yerkey Corporation makes one product and has provided the following information to help prepare the master budget: Budgeted unit sales, February Variable selling and administrative expense Fixed selling and administrative expense 10,700 units 2.00 per unit sold $60,00e per month The estimated selling and administrative expense for February is closest to: The estimated selling and administrative expense for February is closest to: Multiple Choice $81,400 $21.400 $54.270 $60.000

  • answer with details or by law 4. Yerkey Corporation makes one product and has provided the...

    answer with details or by law 4. Yerkey Corporation makes one product and has provided the following information to help prepare the master budget: 10,700 units 2.00 per unit sold $ 60,000 per month Budgeted unit sales, February Variable selling and administrative expense Fixed selling and administrative expense The estimated selling and administrative expense for February is closest to: A) S81,400 B) $21,400 C) $54,270 D) $60,000 5. Cassius Corporation has provided the following contribution format income statement. Assume that...

  • Bonkowski Corporation makes one product and has provided the following information to help prepare the master...

    Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 97 Budgeted unit sales (all on credit): January 10,000 February 12,000 March 13,300 April 15,200 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23.00 per direct labor-hour...

  • Petrini Corporation makes one product and it provided the following information to help prepare the master...

    Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 30% of...

  • 15) Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget sh...

    15) Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,300 units are planned to be sold in March. The variable selling and administrative expense is $4.20 per unit. The budgeted fixed selling and administrative expense 18 $19,240 per month, which includes depreciation of $3,380 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling...

  • Petrini Corporation makes one product and it provided the following information to help prepare the master...

    Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 30% of...

  • Petrini Corporation makes one product and it provided the following information to help prepare the master...

    Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 30% of...

  • Michard Corporation makes one product and it provided the following information to help prepare the master...

    Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. The ending finished goods inventory equals 20% of...

  • Michard Corporation makes one product and it provided the following information to help prepare the master...

    Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. The ending finished goods inventory equals 20% of...

  • Bonkowski Corporation makes one product and has provided the following information to help prepare the master...

    Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 97 Budgeted unit sales (all on credit): January 10,000 February 12,000 March 13,300 April 15,200 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $ 23.00 per direct labor-hour...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT