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valentina_108 [34]
3 years ago
5

Karma Company has prepared its operating budget for the first quarter of 20x9. The company forecasts sales of $50,000 in Februar

y, $60,000 in March, and $70,000 in April. Variable and fixed expenses are as follows: Variable: Utilities (electricity): 40 % of sales Misc. expenses: 5 % of sales Fixed: Salary expense $ 8,000 per month Rent expense $ 5,000 per month Depreciation expense $ 1,200 per month Utilities expense (fixed part) $ 800 per month Misc. Expense (fixed part) $ 1,000 per month What are the total selling and administrative expenses for the month of February
Business
1 answer:
Shtirlitz [24]3 years ago
4 0

Answer:

The correct solution is "38,500".

Explanation:

The given values are:

Sales in February,

= $50,000

Sales in March,

= $60,000

Sales in April,

= $70,000

Now,

The total selling and administrative expenses for the month of February will be:

=  Variable \ costs + Fixed \ cos ts

On substituting the values, we get

=  50,000\times (40 \ percent+5 \ percent) + (8,00 0+5,000+1,200+800+1,000)

=  20000+2500+8000+5000+1200+800+1000

=  38,500

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