Bigelow Company budgets payroll at $4,000 per month plus a percentage of monthly
ID: 2504920 • Letter: B
Question
Bigelow Company budgets payroll at $4,000 per month plus a percentage of monthly sales. The June operation expense budget includes total payroll of $12,000 with budgeted sales of $160,000. Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1,000 and $600. Office and adminstrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July.
The total operating expenses budgeted for July are?
Can someone show me how to do this problem? Thanks!
Explanation / Answer
thats nots an answer.... you would have to pick from $14,000 $13,000 $22,000 or $12,000
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