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777dan777 [17]
3 years ago
14

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 $ 1.01 Shipping $ 1.51 Advertising $ 51,100 $ 0.31 Executive salaries $ 61,100 Depreciation on office equipment $ 21,100 Other $ 41,100 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 16,100 Debs in February, then the total budgeted fixed selling and administrative expenses for February is: Multiple Choice
Business
1 answer:
bezimeni [28]3 years ago
8 0
Total= $159,552



Giving the following information:
The company has budgeted to sell 15,600 Debs in February.
Sales commissions $ 0.96*15,600= 14,976
Shipping $ 1.46 *15,600= 22,776
Executive salaries $ 60,600
Depreciation on office equipment $ 20,600
Other $ 40,600
Total= $159,552
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Answer:

The correct option is D,$42,000

Explanation:

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market value of the building is $89,000

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balance on Maxwell capital account=$89,000-$47,000

balance on Maxwell capital account=$42000

The correct option is D.

Care must taken so that one does include the cash of $38,000 contributed by Smart in Maxwell's capital account balance calculation,otherwise one would have concluded that option  E,$80,000($42,000+$38,000)

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4 years ago
Maymart Inc sells its products at the lowest prices in the industry, and it believes that this is the best way to stay ahead of
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Answer:

A) The cost leadership strategy

Explanation:

Cost leadership is providing the service or supply of product without compromising the quality of service or product supplied.

In the given instance also, Maymart supplies goods without any decrease in quality standards that is goods are completely acceptable by customers, and that the goods are supplied at least price in the industry, this provides a competitive advantage to the company, by cost leadership.

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3 years ago
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Answer:

$11,200

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As 30% was not consumed then consumption will be 70%, so 70% of the income is realized and it will be recorded.

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I hope this helps.

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3 years ago
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