Marigold Corp. makes and sells umbrellas. The company is in the process of prepa

Question

Marigold Corp. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available:

Expenses are paid in the month incurred. If the company has budgeted to sell 7000 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October?

Open Show Work

Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $0.60 $ 5500 Shipping 1.20 Advertising 0.30 Executive salaries 32000 Depreciation on office equipment 7000 Other 0.35 20000

Explanation / Answer

Calculate total budgeted variable selling and administrative expenses for October?

so answer is c) $81650

Variable selling and administrative expenses (2.45*7000) 17150 Fixed selling and administrative expenses 64500 Total selling and administrative expenses 81650

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