Asked by Carolina Ochoa on Jul 16, 2024
Verified
The selling and administrative expenses in the planning budget for July would be closest to:
A) $20,800
B) $20,805
C) $20,705
D) $20,500
Selling
The process of promoting and transferring ownership of a product or service to customers in exchange for money or value.
Administrative Expenses
Costs related to the general operation of a business, including salaries of executives, office supplies, and utilities.
- Analyze selling and administrative expenses within budgeting contexts.
Verified Answer
TP
tobie plourdeJul 17, 2024
Final Answer :
A
Explanation :
Cost = Fixed cost + (Variable cost per unit × q)
= $20,300 + ($0.10 × 5,000)= $20,800
= $20,300 + ($0.10 × 5,000)= $20,800
Learning Objectives
- Analyze selling and administrative expenses within budgeting contexts.
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