Clardean Company provided the following budgeted amounts: Executive salaries $15,000 Production employees' wages $12,800 Corporate taxes (paid in May) $3,600 Marketing Office utilities $3,000 $900 Office furniture depreciation Delivery vehicle depreciation March sales $2,100 $3,000 $92,000 6% of sales Sales commissions Selling and administrative expenses are paid in the month incurred. The total cash payment for selling and administrative expenses in March is budgeted to be: $29,520 $24,420 $26,520 $23,220

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Clardean Company provided the following budgeted amounts:
Executive salaries
$15,000
Production employees' wages
$12,800
Corporate taxes (paid in May)
$3,600
Marketing
Office utilities
$3,000
$900
Office furniture depreciation
Delivery vehicle depreciation
March sales
$2,100
$3,000
$92,000
6% of sales
Sales commissions
Selling and administrative expenses are paid in the month incurred.
The total cash payment for selling and administrative expenses in March is budgeted to be:
$29,520
$24,420
$26,520
$23,220
Transcribed Image Text:Clardean Company provided the following budgeted amounts: Executive salaries $15,000 Production employees' wages $12,800 Corporate taxes (paid in May) $3,600 Marketing Office utilities $3,000 $900 Office furniture depreciation Delivery vehicle depreciation March sales $2,100 $3,000 $92,000 6% of sales Sales commissions Selling and administrative expenses are paid in the month incurred. The total cash payment for selling and administrative expenses in March is budgeted to be: $29,520 $24,420 $26,520 $23,220
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