1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bezzdna [24]
3 years ago
10

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:
Business
1 answer:
Svetradugi [14.3K]3 years ago
5 0

Answer: $172,000

Explanation:

Its a little bit of a trick question throwing in the Debs that they want to sell for the month.

That figure is irrelevant because we are dealing with fixed costs so the company will still incur them regardless of what they sell.

The components of total budgeted fixed selling and administrative expenses are,

Advertising

Executive Salaries

Depreciation on office equipment and,

Others

Those are the only figures that should concern you. Adding them up would give us,

= 50,500 + 60,500 + 20,500 + 40,500

= $172,000

The total budgeted fixed selling and administrative expenses for February is $172,000

You might be interested in
Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustm
prohojiy [21]

Answer:

The Adjustment Entry for accrual of Interest Expense will be as follows:

                                              Dr.       Cr.

Interest Expense                $840

Interest accrued Payable               $840

Explanation:

Interest per day = $28

Interest expense for the Month = $28 x 30 = $840

$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.

3 0
2 years ago
Which of the following sentences about Wikipedia is true?
Yakvenalex [24]
Actually I got mixed up, the answer i meant to write was B.
7 0
2 years ago
Read 2 more answers
Why is it beneficial for businesses to be stationed in cities?
masya89 [10]
Because there are more buyers of your product and more suppliers for the things you need.
5 0
3 years ago
Blythe Corp. is a defendant in a lawsuit. Blythe's attorneys believe it is reasonably possible that the suit will require Blythe
8090 [49]

Answer:

The entry is not required because the outcome is reasonably possible, not certain or probable. So IAS 37 says that the liability must not be recognized as the outcome is not reasonably certain or probable.

Explanation:

The liability must be included in the financial statement only if the outcome is certain or probable. In this scenario, the outcome is reasonably possible but neither certain nor probable in this situation. So the entry in the financial statement is not required. If the liability is of a huge amount then IAS 37 says that their must be a disclosure in the financial statement notes about the lawsuit.

7 0
3 years ago
Read 2 more answers
what is the term that refers to the functions used to move products through the channel to the consumer?
Readme [11.4K]

The term that refers to the functions used to move products through the channel to the customer is distribution

5 0
2 years ago
Other questions:
  • Which of these describes installment loans
    15·2 answers
  • "To get out the vote" is an example of what type of mission statement?
    9·2 answers
  • If the rate of interest increases 1 percent, what will be the bond’s new price
    12·1 answer
  • The XYZ Company is a world leader in medical device manufacturing. Aiming to continue its market position in this industry, the
    15·1 answer
  • Belinda wants the security of knowing she will spend each weekend with her boyfriend, but she also wants the excitement of doing
    6·1 answer
  • What Is technical report
    10·2 answers
  • A small company heats its building and spends ​$8 comma 000 per year on natural gas for this purpose. Cost increases of natural
    6·1 answer
  • Explain the following definition of marketing ethics
    14·1 answer
  • Which of the following statements is most accurate regarding sufficient and appropriate documentation?
    13·1 answer
  • A machine makes three different components used in a gyroscope. Call these components A, B, and C. The following repeating sched
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!