Bonkowski Corporation Makes One Product and Has Provided the Following

question 81

Multiple Choice

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:
Credit sales are collected:
30% in the month of the sale
70% in the following month
Raw materials purchases are paid:
30% in the month of purchase
70% in the following month
The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.
-The estimated selling and administrative expense for February is closest to:

• A) $71,470
• B) $37,200
• C) $107,200
• D) $70,000

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Definitions:

Passive Resistance

A nonviolent opposition to authority, especially a refusal to cooperate with legal requirements.

Staff Meeting

A scheduled gathering of employees, often led by a manager or leader, to discuss status updates, strategies, and other organizational matters.

Unit Reorganization

A process of restructuring the setup or management of a department or area within an organization to improve efficiency or outcomes.

To-do List

A list of tasks or activities that one intends to accomplish over a specific period.