21) The Puyer Corporation makes and sells only one product called a Deb. The company is...
21) The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available:
| Monthly Fixed Cost |
Variable Cost Per Deb Sold |
||||
| Sales commissions | $ | 0.95 | |||
| Shipping | $ | 1.45 | |||
| Advertising | $ | 50,500 | $ | 0.25 | |
| Executive salaries | $ | 60,500 | |||
| Depreciation on office equipment | $ | 20,500 | |||
| Other | $ | 40,500 | |||
All of these expenses (except depreciation) are paid in cash in the month they are incurred.
If the company has budgeted to sell 15,500 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:
-
$121,500
-
$131,500
-
$151,500
-
$172,000
Homework Answers
Answer
- Total Budgeted Fixed selling &
admin expenses for February
= ($50500 + $60500 + $ 20500 + $ 40500)
= $ 172,000 - Correct Answer = Option #4: $ 172,000
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21) The Puyer Corporation makes and sells only one product
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