Business, 08.04.2020 01:51 zaratayyibah

The following budget information is available for the HD Sales Company (HDC) for January:

Sales $ 320,000
Freight out $ .25 per unit sold
Depreciation on Admin. Equipment $ 10,000
Sales & Admin. Salaries $ 40,000 +2% of sales
Advertising $ 12,000
Depreciation on Manuf. Equip. $ 15,000
Lease on Sales Building $ 45,000
Miscellaneous Selling Expenses $ 5,000
1. All operating expenses are paid in cash in the month incurred. If HDC expects to sell 20,000 units of inventory, the total budgeted selling and administrative expenses would be what amount on the January pro forma income statement?

a. $123,400

b. $138,400

c. $113,400

d. $293,400

The following budget information is available for the HD Sales Company for January:

Sales $ 320,000
Freight out $ .25 per unit sold
Depreciation on Admin. Equipment $ 10,000
Sales & Admin. Salaries $ 40,000 +2% of sales
Advertising $ 12,000
Depreciation on Manuf. Equip. $ 15,000
Lease on Sales Building $ 45,000
Miscellaneous Selling Expenses $ 5,000
2. Based on January sales of 20,000, the amount of HDC's expected cash outflow for selling and administrative expenses would be

a. $123,400.

b. $131,250.

c. $113,400.

d. $128,400.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, thedocgalloway

The management at a pesticide manufacturing company has observed a decline in quality measures. the managers ask robin, the firm's hr manager, to investigate whether training might solve the problem. robin conducts needs assessment and recommends a training plan. which of the following conditions would most likely have been an observation during robin's person analysis?

Answers: 2

continue

Business, 22.06.2019 00:50, abcdefg87

Consider each of the following cases: case accounting break-even unit price unit variable cost fixed costs depreciation 1 127,400 $ 38 $ 25 $ 711,000 ? 2 124,000 ? 41 2,500,000 $ 900,000 3 5,753 117 ? 171,000 100,000 required: (a) find the depreciation for case 1. (do not round your intermediate calculations.) (b) find the unit price for case 2. (do not round your intermediate calculations.) (c) find the unit variable cost for case 3. (do not round your intermediate calculations.)

Answers: 2

continue

Business, 22.06.2019 02:50, isbella29

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

Answers: 1

continue

Business, 22.06.2019 19:30, dominickstrickland

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

Answers: 1

continue

You know the right answer?

The following budget information is available for the HD Sales Company (HDC) for January: