Comma Co Makes and Sells Widgets Expenses Are Paid in the Month Incurred

question 48

Multiple Choice

Comma Co. makes and sells widgets. The company is in the process of preparing its selling and administrative expense budget for the month. The following budget data are available: $\begin{array}{lcc}&\text {Variable Cost Per Unit Sold}&\text {Monthly Fixed Cost}\\\text { Sales commissions } & \$1& \$10,000 \\\text { Shipping } & \$3 & \\\text { Advertising } &\$4& \\\text { Executive salaries } & &\$120,000 \\\text { Depreciation on office equipment } & & \$4,000\\\text { Other }&\$2& \$6,000\end{array}$ Expenses are paid in the month incurred. If the company has budgeted to sell 80000 widgets in October how much is the total budgeted selling and administrative expenses for October?

• A) $940000
• B) $140000
• C) $930000
• D) $800000

Recognize the importance of ethics in psychological research, including informed consent, the right to withdraw, debriefing, and the justification of deception.

Differentiate between various research methods used in psychology and their applicability in different contexts.

Understand critical thinking principles and their application in evaluating psychological claims and evidence.

Recognize common misconceptions about psychological science and its practitioners.

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Definitions:

Trustworthiness

A measure of reliability and integrity in individuals or organizations.

Ethical Principles

The fundamental guidelines that dictate proper conduct and decision-making, based on moral values.

Sophisticated Clients

Individuals or organizations with a high level of knowledge, experience, and resources in financial or legal matters, enabling them to make informed decisions.

Legal Research

The process of identifying and retrieving information necessary to support legal decision-making.