Mana l Accounting, 7e Multiple Choice Question 96 Sheffield Corp. makes and sell

Question

Mana l Accounting, 7e Multiple Choice Question 96 Sheffield Corp. makes and sells widgets. The company is in the process of preparing its selling and administrative expense budget for the month. The folowing budget data $1 $3 10000 Advertising Executive salaries $120000 $4000 Other $2 Expenses are paid in the month incurred. If the company has budgeted to sell 100000 widgets in October, how much is the total budgeted selling and administrative widgets in expenses for October? O $140000 O $1000000 O $1130000 $1140000 Click if you would like to Show Work for this question:Open Show Work

Explanation / Answer

= Fixed expenses + Variable expenses

= ($10,000+$120,000+$4,000+$6,000)+100,000×($1+$3+$4+$2)

= $140,000+$1,000,000

= $1,140,000

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