Question

A merchandising company's budget includes the following data for January: Sales: $400,000; COGS: $270,000; Administrative salaries: $1,250; Sales commissions: 5% of sales; Advertising: $10,000; Salary for sales manager: $30,000; Miscellaneous administrative expenses: $5,000. The total selling expenses on the January selling expense budget will be

Answer 1

Answer: $61,250

Step-by-step explanation:

A merchandising company's budget includes the following data for January: Sales: $400,000; COGS: $270,000; Administrative salaries: $1,250; Sales commissions: 5% of sales; Advertising: $10,000; Depreciation on store equipment: $25,000; Rent on administrative building: $30,000; Miscellaneous administrative expenses: $5,000. The total general and administrative expenses on the January general and administrative expense budget will be

a:

Administrative salaries: $1,250

+ Sales commissions: 5% of sales ($400,000.00) =$20,000

+ Advertising: $10,00

+ Rent on administrative building: $30,000

Answer 2

Answer: 60000

Step-by-step explanation:

400,000 • 5% = 10,000+ 30,000= 60000