Argyle Company Is Preparing the Operating Budget for the First

question 94

Multiple Choice

Argyle Company is preparing the operating budget for the first quarter of 2013. They forecast sales of $50 000 in January, $60 000 in February, and $70 000 in March. Variable and fixed expenses are as follows:
Variable: Power cost (40% of Sales)
Miscellaneous expenses (5% of Sales)
Fixed: Salary expense: $8 000 per month Rent expense: $5 000 per month
Depreciation expense: $1 200 per month Power cost/fixed portion: $800 per month
Miscellaneous expenses/fixed portion: $1 000 per month
How much is the total operating expense for March?

• A)$43 000
• B)$41 700
• C)$47 500
• D)$38 500

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Definitions:

Hippocampus

A region of the brain associated with memory and spatial navigation.

Long-Term Storage

The phase of memory in which information is retained for prolonged periods of time, potentially indefinitely.

Hippocampus

A part of the brain involved in memory formation, navigation, and emotional regulation.

Cortex

The outer layer of the cerebrum in the brain, involved in numerous high-level functions such as consciousness, thought, emotion, reasoning, language, and memory.