Author Question: The following information pertains to the January operating budget for Murphy Corporation, a ... (Read 94 times)

K@ · **on:** Mar 6, 2021

The following information pertains to the January operating budget for Murphy Corporation, a retailer:

Budgeted sales are $210,000 for January
Collections of sales are 40% in the month of sale and 60% the next month
Cost of goods sold averages 66% of sales
Merchandise purchases total $159,000 in January
Marketing costs are $3,600 each month
Distribution costs are $5,300 each month
Administrative costs are $10,100 each month

For January, the amount budgeted for the nonmanufacturing costs budget is ________.
◦ $90,400
◦ $10,100
◦ $178,000
◦ $19,000

matt · **Reply #1 on:** Mar 6, 2021

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