Skeete Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.90 per unit. The budgeted fixed selling and administrative expense is $30,170 per month, which includes depreciation of $3,440. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 3,800 units are planned to be sold in November. Required: Prepare the selling and administrative expense budget for November.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Skeete Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suring its first month of operations, Mathis Spa purchased supplies for $4,500 and debited the supplies account for that amount. At June 30, an inventory of supplies showed $1,000 of supplies on hand.
Answers (1)
Carla is a partner in a firm with over 40 team members who have access to QuickBooks Online Accountant. She needs to assign a payroll specialist to work on a new client that just signed up with the firm.
Answers (1)
Your venture has net income of $600,000 taxable income of $1,000,000 operating profit of $1,200,000 total financial capital including both debt and equity of $9,000,000 a tax rate of 40%, and a WACC of 10%. What is your venture's EVA?
Answers (1)
Gallant Company reported net income of $2,500,000. The income statement included one extraordinary item: a $500,000 gain from condemnation of land and a $200,000 loss on discontinued operations, both after applicable income tax.
Answers (1)
A portfolio is composed of two stocks, Z and Y. Stock Z has a standard deviation of return of 22%, while stock Y has a standard deviation of return of 16%. Stock Z comprises 60% of the portfolio, while stock Y comprises 40% of the portfolio.
Answers (1)
New Questions in Business
Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, and $4,813 for contributions to her retirement plan. what is nastasha's adjusted gross income? a. $109,971 b. $22,887 c.
Answers (1)
Debra notes that theo chocolate has started holding its own operations to the same imo standards of fair trade to which it holds its suppliers. this type of sends a powerful message to employees and customers.
Answers (1)
Partners G and H form the GH partnership, with G contributing $200,000 cash and H contributing some land with a basis of $600,000 and a FMV of $900,000, subject to a nonrecourse liability of $700,000.
Answers (1)
Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning laws. Johnson hires a crew of construction workers to build the building.
Answers (1)
What are the limitations of gdp and gnp
Answers (2)