Scotch,Inc

question 138

Multiple Choice

Scotch,Inc.has prepared the operating budget for the first quarter of the year.The company forecast sales of $50,000 in January,$60,000 in February,and $70,000 in March.Variable and fixed expenses are as follows: Variable Expenses:
Power cost (20% of sales)
Miscellaneous expenses: (5% of sales)
Fixed Expenses:
Salaries expense: $8,000 per month
Rent expense: $5,000 per month
Depreciation expense: $1,400 per month
Power cost/fixed portion: $500 per month
Miscellaneous expenses/fixed portion: $1,000 per month
Using the information above,calculate the amount of selling and administrative expenses for the month of February.

• A)$28,400
• B)$33,400
• C)$15,000
• D)$30,900

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