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Author Question: Bigelow Company budgets payroll at $4,000 per month plus a percentage of monthly sales. The June ... (Read 45 times)

CharlieWard

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on: Jan 4, 2020
Bigelow Company budgets payroll at $4,000 per month plus a percentage of monthly sales. The June operating expense budget includes total payroll of $12,000 with budgeted sales of $160,000. Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1,000 and $600, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July.


If the Bigelow Company percentage of monthly sales used in budgeting payroll increases by 20%, what would the total payroll budgeted for July be?
◦ $13,000
◦ $18,500
◦ $10,800
◦ $14,800
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Marked as best answer by CharlieWard on Jan 4, 2020

deja

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Reply #1 on: Jan 4, 2020
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CharlieWard

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Reply 2 on: Jan 4, 2020
:D TYSM

pangili4

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Reply 3 on: Yesterday
Wow, this really help

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