Rapid Corp

question 50

Essay

Rapid Corp.sells its product for $200.Forecasted sales are 1,500 units in January,1,800 in February,and 1,600 in March.Variable costs are based on sales,and consist of commissions (6% of sales),cooperative advertising (2%)and shipping (6%).Monthly fixed costs are $7,000 sales salaries,$6,500 office salaries,$2,500 depreciation,$1,800 office rent,$900 insurance and $1,200 utilities.
a.Prepare Rapid's selling and administrative expense budget for the period January through March.Present monthly totals as well as a 3-month total.

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Definitions:

Factors

Elements or components that contribute to producing a result or outcome in various contexts such as mathematical, biological, or environmental studies.

Albinism

A genetic condition resulting in a lack of melanin pigment in the skin, hair, and eyes, leading to visual problems and increased skin cancer risk.

Recessive Trait

A genetic trait that is expressed in offspring only when inherited from both parents, masked by the presence of a dominant trait in a heterozygote.

Genotype

The genetic makeup of an organism, including all of its genes, as opposed to its physical appearance or phenotype.