Solution-Calculate total selling and administrative expenses

Calculate total selling and administrative expenses

Reference no: EM131584197

Question - Kapital Inc. as prepared the operating budget for the first quarter of 2015. They forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Variable and fixed expenses are as follows:

Variable: Power cost (40% of Sales)

Miscellaneous expenses: (5% of Sales)

Fixed: Salary expense: $8,000 per month

Rent expense: $5,000 per month

Depreciation expense: $1,200 per month

Power cost/fixed portion: $ 800 per month

Miscellaneous expenses/ fixed portion: $1,000 per month

Calculate total selling and administrative expenses for the month of January.

Reference no: EM131584197

Questions Cloud

Provide for the purchase of the auto : A piece of equipment is purchased for $70,000 with a salvage value of $2,000. At the end of 5 years the equipment is sold for $35,000.

The value of ei possession among health care leaders : Summarize the various components of leadership and how they vary from management.Detail the value of EI possession among health care leaders.

Calculate total cash payments made in october for purchases : Question - Delleate Inc. has prepared the following purchases budget: Calculate total cash payments made in October for purchases

Economy currently operating in the keynesian : In your view, is the economy currently operating in the Keynesian, intermediate, or neoclassical portion of the economy's aggregate supply curve? Explain.

Calculate total selling and administrative expenses : Kapital Inc. as prepared the operating budget for the first quarter of 2015. Calculate total selling and administrative expenses for the month of January

What is your effective annual rate of return : You earn a rate of return of 7.88% on an investment over a four-month holding period. What is your effective annual rate of return?

Identify several parties likely to be helped : Identify several parties likely to be helped and hurt by inflation. Explain how they are helped or hurt?

Projected number of people with alzheimer disease in the us : As baby boomers enter their golden years, the number of people afflicted with Alzheimer's disease is expected to rise dramatically.

What was net income : What was the net income? Assume that all dividends declared were actually paid.

User Account

All Pages

Calculate total selling and administrative expenses

Reference no: EM131584197

Reference no: EM131584197

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

Determine qcis preliminary net income

What would the normal balance be of a liability account

The basic differences between the financial statements of a

Prepare a factory overhead cost variance report for may to

Assuming that the bingham company had inventory on hand of

Key strategy for company to improve its financial position

Name the most common professional certification

Partners equity on the books of new partnership

Irene watts and john lyon are forming a partnership

In 2010 bridget sold land to her son caleb for 150000 cash

Pam owns a sole proprietorship and kevin is the sole

Prepare a schedule to compute the june 30 2012 inventory

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT