User Account

All Pages

How much are budgeted selling expenses for the month of july

Assignment Help Managerial Accounting
Reference no: EM133022303

Question - For June, Gold Corp. estimated sales revenue at $600,000. It pays sales commissions that are 4% of sales. The sales manager's salary is $285,000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $15,000. How much are budgeted selling expenses for the month of July if sales are expected to be $540,000?

Reference no: EM133022303

Questions Cloud

Prepare all journal entries required for a worksheet : Prepare all journal entries required for a consolidation worksheet for the preparation of the consolidated financial statements of Kumar Ltd at 30 June 2021
Determine income before income taxes for the year : Assuming that operating expenses other than those indicated in the above transactions amounted to $174,000, determine income before income taxes for the year
What is the firm estimated intrinsic value per share : The firm's WACC is 10.00%, its end-of-year free cash flow (FCF1) is expected to be $70.0 million, What is the firm estimated intrinsic value per share
Which number is closest to how much it has to invest today : If it can earn a 6% annual return, which number is closest to how much it has to invest today so that the fund is worth $150,000 at the end of five years
How much are budgeted selling expenses for the month of july : For June, Gold Corp. estimated sales revenue at $600,000. How much are budgeted selling expenses for the month of July if sales are expected to be $540,000
What will be its dividend payout ratio : Puckett follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio
Determine the amount of overhead that would be applied : The expected overhead costs for each category for next year are as follows: Maintenance $280,000. Determine the amount of overhead that would be applied
How would franco decision change : Should Franco accept the special order? How would Franco's decision change if the factory was already producing at capacity at the time of the special offer
What are the unique financial reporting implications : What are the unique financial reporting implications of the Partnership entity in comparison with the Proprietorship and Corporate structures

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd