Business, 08.04.2020 00:00 waldruphope3956

Porter Corporation makes and sells a single product called a Yute. The company is in the process of preparing its Selling and Administrative Expense Budget for the last quarter of the year. The following budget data are available:
Variable Cost
Per Yute Sold Monthly Fixed
Cost
Sales commissions $ 5.90
Shipping $ 5.30
Advertising $ 8.90 $ 32,000
Executive salaries $ 178,000
Depreciation on office equipment $ 7,000
Other $ 0.60 $ 20,000
All of these expenses (except depreciation) are paid in cash in the month they are incurred.
If the company has budgeted to sell 12,000 Yutes in December, then the budgeted total cash disbursements for selling and administrative expenses for December would be:
a. $237,000
b. $485,400
c. $248,400
d. $478,400

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 17:40

Assume the government imposes a $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the seller receives for the product after paying the tax is

Answers: 2

Answer

Business, 21.06.2019 19:30

Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.

Answers: 3

Answer

Business, 22.06.2019 01:20

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

Answers: 1

Answer

Business, 22.06.2019 07:10

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Answers: 3

Answer

You know the right answer?

Porter Corporation makes and sells a single product called a Yute. The company is in the process of...

Questions