Question

What is the total amount of Selling and Administrative expenses for the fourth quarter that the company will report on its pro forma income statement? Multiple Choice $313,700 $255,200 $254,700 $105,300

Answer 1

The total amount of Selling and Administrative expenses for the 4th quarter is $313,700.

How to get total amount of Selling and Administrative expenses

Selling and Administrative expenses means costs incurred by a company in the day-to-day operation of its business including sales, marketing and administrative activities.

Based on the financial statement, the total amount of Selling and Administrative expenses for the 4th quarter to be reported is:

= Total expenses for October, November and December

= 103,600 + 104,800 + 105,300

= $313,700.

Therefore, the Option A is correct.

Note: The full question is attached below.