Asked by Rebekah Hilton on May 09, 2024
Verified
If the company has budgeted to sell 15,000 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:
A) $120,000
B) $130,000
C) $150,000
D) $170,000
Fixed Selling Expenses
Fixed selling expenses are those costs associated with selling a product that do not change with the level of production or sales, such as salary of sales staff and rent for office space.
Administrative Expenses
Administrative expenses are the costs associated with the general administration of a business, such as salaries of office staff, utilities, and rent.
- Gain an understanding of the constituents and mathematical operations necessary for the preparation of estimated selling and administrative costs.
Verified Answer
AA
Learning Objectives
- Gain an understanding of the constituents and mathematical operations necessary for the preparation of estimated selling and administrative costs.