Poriss Corporation Makes and Sells a Single Product Called a Yute.The

question 9

Multiple Choice

Poriss Corporation makes and sells a single product called a Yute.The company is in the process of preparing its Selling and Administrative Expense Budget for the last quarter of the year.The following budget data are available: All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 16,000 Yutes in December,then the budgeted total cash disbursements for selling and administrative expenses for December would be:

• A)$280,000
• B)$494,000
• C)$224,000
• D)$504,000

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Definitions:

Price Of Corn

The cost at which corn is bought or sold, subject to fluctuations based on agricultural trends and economic conditions.

Soybeans

A species of legume native to East Asia, widely cultivated for its edible beans which serve as a significant source of protein and oil.

Dividend

A portion of a company's earnings distributed to its shareholders, usually in cash or additional stock.

Stock

Financial instruments that represent ownership shares in a corporation, giving holders a claim on the company's profits.