The following information is available for Pioneer Company: Sales price per unit is $110. ...
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The following information is available for Pioneer Company: • Sales price per unit is $110. • November and December, sales were budgeted at 3,100 and 3,490 units, respectively. • Variable costs are 13 percent of sales (5 percent commission, 3 percent advertising, 5 percent shipping). • Fixed costs per month are sales salaries, $5,100; office salaries, $2,100; depreciation, $2,100; building rent, $3,400; insurance, $1,700; and utilities, $800. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December. November December Total Budgeted Selling and Administrative Expenses The following information is available for Pioneer Company: • Sales price per unit is $110. • November and December, sales were budgeted at 3,100 and 3,490 units, respectively. • Variable costs are 13 percent of sales (5 percent commission, 3 percent advertising, 5 percent shipping). • Fixed costs per month are sales salaries, $5,100; office salaries, $2,100; depreciation, $2,100; building rent, $3,400; insurance, $1,700; and utilities, $800. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December. November December Total Budgeted Selling and Administrative Expenses
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Requlred November December 59530 65107 Total Budgeted Sellng and Adml... View the full answer
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
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