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Author Question: The following information pertains to the January operating budget for Murphy Corporation, a ... (Read 97 times)

K@

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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
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by K@ on Mar 6, 2021

matt

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Reply #1 on: Mar 6, 2021
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K@

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Reply 2 on: Mar 6, 2021
Wow, this really help

alvinum

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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