Budgeted S&A Expenses Salary expenses Sales commissions, 5% of sales Insurance expenses Rent Depreciation on equipment Utilities Total operating expenses Schedule of Cash Payments for S&A Expenses Salary Expenses 100% of prior month sales commissions Insurance Expense Rent 100% of Prior months utilities expenses Total payments foe S&A expenses The amount of cash paid for S&A expenses during the month of November is: October November December 10,000 5,000 2,000 2,400 1,500 1,100 22,000 ? 5,100 2,000 ? 1,200 10,500 5,500 2,000 2,499 1,500 1,300 23,200 10,500 ? 2,000 ? ? ? 11,000 5,300 2,000 2,400 1,500 1,500 23,700 ? ? 2,000 2,400 ? ?
Budgeted S&A Expenses Salary expenses Sales commissions, 5% of sales Insurance expenses Rent Depreciation on equipment Utilities Total operating expenses Schedule of Cash Payments for S&A Expenses Salary Expenses 100% of prior month sales commissions Insurance Expense Rent 100% of Prior months utilities expenses Total payments foe S&A expenses The amount of cash paid for S&A expenses during the month of November is: October November December 10,000 5,000 2,000 2,400 1,500 1,100 22,000 ? 5,100 2,000 ? 1,200 10,500 5,500 2,000 2,499 1,500 1,300 23,200 10,500 ? 2,000 ? ? ? 11,000 5,300 2,000 2,400 1,500 1,500 23,700 ? ? 2,000 2,400 ? ?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 20E
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