Insurance premium, overhead expenses are budgeted at $2000

Insurance premium

Assignment Help Financial Accounting

Reference no: EM13928515

The following budget information is available for the HD Sales Company for January

Sales 320,000

Freight out .25 pe unit sold

Deprecate on Admin Equip 10,000

Sales and Adm Sal 40,000 + 2% of sales

Advertising 12,000

Depreciation on Manu Equip 15,000

Lease on Sales Building 45,000

Miss. Selling Exp.. 5,000

overhead expenses are budgeted at $2000 per month. Included in the 2,000 are $500 of monthly depreciation expenses and $200 of allocated expenses related to the insurance premium that is paid on September. What is the cash outflow for overhead for the month of May?

a. $200

b. $500

c. $1300

d. $1200

Reference no: EM13928515

Questions Cloud

Does this company use vmi and could it use vmi : Its inventory management procedures. This is the key aspect of the assignment. Be sure to elucidate this in some detail. Does this company use VMI? Could it use VMI? What does it use to ensure it has the right inventory at the right time and contr..

Describe the steps of the scientific method earl utilized : ind a media piece-article, video, presentation, song, or other related to the scientific method, creating hypotheses, or designing experiments

Applying the approach to ethics in the company : From the e-Activity, discuss the major challenges you would anticipate in applying the approach to ethics in the company you researched (and the specific challenges they face), as well as how those challenges might be addressed.

What real-life aspects can you glean from this video : View this video First IT Professional Services Call-http://www.screencast.com/t/lYHn48OZkE83 (under three minutes) and comment. While it's intended to be humorous, what real-life aspects can you glean from this video? Discuss

Insurance premium : overhead expenses are budgeted at $2000 per month. Included in the 2,000 are $500 of monthly depreciation expenses and $200 of allocated expenses related to the insurance premium that is paid on September.

How would the event affect the statement of cash flows : How would the event affect the statement of cash flows (inflow, outflow, no effect) and in what section?

What is the amount sold by each salesperson : Use the PivotTable to calculate and summarize the data. Once you have created a PivotTable, change the order amount to currency. What is the amount sold by each salesperson? What is the total amount sold in each month

How much can you withdraw from retirement plans : If you plan on making 20 equal withdrawals at the beginning of each year from the account (with the first withdrawal made at the end of the 30th year-the first year of retirement), how much can you withdraw?

Problem regarding the company ethical standards : Describe how a company's ethical standards are aligned with its decision-making approach (es) and how you would be certain that ethical decisions were being made. From the perspective of the executive suite, prioritize three of the responsibilitie..

User Account

All Pages